The Fresno and Clovis real estate markets continue to show resilience heading into spring 2025. Despite higher-than-historical mortgage rates, buyer demand remains strong — driven by our region's relative affordability compared to coastal California.
Key Market Indicators
Median home prices in Fresno have held steady around $380,000, while Clovis continues to command a premium, with median prices hovering near $490,000. Both markets are seeing homes move quickly, with average days on market under 30.
What's Driving the Market?
Several factors are keeping our local market active:
- Continued in-migration: Fresno and the Central Valley continue to attract buyers from the Bay Area and Los Angeles seeking more space and affordability - Low inventory: New construction has not kept pace with demand, keeping existing home prices supported - Local employment growth: Major employers continue to expand in the region
Advice for Buyers
If you're thinking of buying, don't wait for rates to drop — that advice has cost many buyers opportunities over the past two years. Get pre-approved, define your non-negotiables, and be ready to move quickly in this market.
Advice for Sellers
Pricing remains critical. Overpriced homes still sit. But properly priced, well-presented homes in desirable neighborhoods continue to receive multiple offers. Professional photography and strategic marketing are more important than ever.
