Fresno, CA Housing Market Report

The Fresno real estate market is currently transitioning into a more balanced environment, showing signs of stabilization after a period of minor volatility. As of December 2025, the median home value stands at $381,978, representing a marginal year-over-year decrease of 0.43%. While the market remains competitive with a sale-to-list ratio of 1, indicating that homes are generally selling for their asking price, the significant 20.96% increase in active inventory suggests that buyers now have more options than they did a year ago. This influx of supply, totaling 1,835 active listings, is beginning to alleviate the intense pressure that characterized previous years.

Price trends over the last six months reveal a resilient recovery following a brief dip in late summer. After hitting a low of $379,967 in September, home values have climbed steadily for three consecutive months. This upward momentum in the fourth quarter suggests that demand remains robust despite broader economic headwinds. Meanwhile, the rental market continues to see upward pressure, with median rents rising 3.31% year-over-year to $1,695. This divergence between softening purchase prices and rising rents may encourage more long-term renters to consider homeownership as a means of locking in housing costs.

Looking ahead, the Fresno market presents a unique window of opportunity for both parties. For buyers, the increase in days on market—now averaging 51 days—provides more time for due diligence and negotiation compared to the rapid-fire pace of 2024. Sellers, on the other hand, must remain realistic about pricing; while values are recovering, the increased inventory means properties must be well-maintained and competitively priced to stand out. As the metro area continues to serve as a more affordable alternative to coastal California hubs, the steady demand for entry-level and mid-tier housing is expected to keep the market grounded through the first half of 2026.