Fresno real estate market conditions are strong, even in the midst of the continuing COVID-19 pandemic.
But don’t take our word for it. Here’s what third-party real estate experts have to say …
According to Realtor.com, there are currently 1,060 homes for sale in Fresno. The median listing price of these single-family, condo, and townhome properties is $299,000. Realtor.com reports that the median sold home price in Fresno is $370,000.
Realtor.com also says, “Homes in Fresno sell faster than average compared to other cities in Fresno County. It takes an average of 44 days on market for a home to sell in Fresno.”
Redfin calls the Fresno housing market “very competitive.”
Looking at Fresno home sales in just the last month, Redfin reported an average sale price of $293,000 … an increase of 10.6% since last year. They also report that the average sale price per square foot in Fresno is $178, up 9.9% since last year.
Zillow’s analysis of Fresno real estate market conditions shows that home values in all of Fresno County have gone up an average of 5.8% over the past year.
Zillow predicts Fresno County home values will continue to rise another 5.1% during the coming year.
What Does This Mean for You?
Current Fresno real estate market conditions indicate that now is a good time to buy and sell real estate. Home values are up (good news for sellers), and they are expected to continue to rise (good news for buyers).
And low mortgage interest rates make those real estate transactions even more affordable.
If you’re considering buying or selling, we’re here to help.
The real estate professionals on the Foxen Realty team know Fresno and the surrounding areas. You can count on our experience and expertise to make buying or selling Fresno real estate a smooth and easy process.
Contact us today to find out just how we can help you.