{"id":47373,"date":"2024-08-22T17:57:59","date_gmt":"2024-08-23T00:57:59","guid":{"rendered":"https:\/\/www.homelight.com\/blog\/?p=47373"},"modified":"2026-04-06T00:36:18","modified_gmt":"2026-04-06T07:36:18","slug":"home-values-in-fresno","status":"publish","type":"post","link":"https:\/\/www.homelight.com\/blog\/home-values-in-fresno\/","title":{"rendered":"Home Values in Fresno: How to Maximize Your Sale"},"content":{"rendered":"

Curious to know how much your home is worth in Fresno\u2019s market? Whether you\u2019re thinking about selling, hoping to ditch PMI<\/a>, or simply want to assess your home\u2019s current worth, understanding local market trends can help you make informed decisions about your biggest financial asset.<\/p>\n

In this article, we\u2019ll break down recent home price trends in Fresno, show you various methods for getting an accurate home value estimate<\/a>, and highlight practical ways to enhance your property\u2019s value. We\u2019ll also introduce helpful tools to ensure you get the highest price whenever you do decide to sell your Fresno home.<\/p>\n\n\n\n\n\n

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\n \"homelight\n <\/div>\n \n

Already Own a Home? What's It Worth Now?<\/h3>\n

Home values have rapidly increased in recent years. How much is your current home worth now? Get a ballpark estimate from HomeLight’s free Home Value Estimator.<\/p>\n \n

\n Get Estimate<\/a>\n <\/div>\n <\/div>\n<\/div>\n\n\n

Editor\u2019s note: This post is for educational purposes and is not intended to be construed as financial advice. HomeLight always encourages you to consult your own advisor.<\/em><\/p>\n

<\/div>\n

Current home values in Fresno<\/h2>\n

Since summer 2020, the median home price in Fresno has climbed by 31.3%. As of July 2020, homes typically sold for $320,000, as compared to $420,000<\/a> in July 2024, according to data from the California Association of Realtors.<\/p>\n

The real estate industry is critical in propping up Fresno\u2019s economy, especially through property tax revenue. \u201cWhen you have a year like we\u2019ve had this year in our city, where we\u2019re starting to see a slight decline in our sales tax, then, fortunately, property tax picks up,\u201d said Mayor Jerry Dyer in a recent article by Fresnoland<\/a>.<\/p>\n

Back in 2022, the city set a goal to produce 6,100 affordable housing units over the next three years, as well as 4,100 market-rate units. However, the city is still struggling to provide enough affordable housing to keep up with demand. \u201cWhen interest rates go up, usually home prices come down to compensate. We have not experienced that at all,\u201d added Annie Foreman of Realty Concepts.<\/p>\n

The table below illustrates exactly how much home prices have increased in the Fresno area over the last five years:<\/p>\n\n\n\n\n\n\n\n\n
Year<\/td>\nMedian home price<\/td>\nPercent change year-over-year<\/td>\n<\/tr>\n
2024 (July)<\/a><\/td>\n$420,000<\/td>\n+0.6%<\/td>\n<\/tr>\n
2023<\/a><\/td>\n$417,500<\/td>\n+2.6%<\/td>\n<\/tr>\n
2022<\/a><\/td>\n$407,000<\/td>\n+10%<\/td>\n<\/tr>\n
2021<\/a><\/td>\n$370,000<\/td>\n+15.6%<\/td>\n<\/tr>\n
2020<\/a><\/td>\n$320,000<\/td>\n+12.5%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Source: California Association of Realtors<\/a><\/em><\/p>\n

This trend isn\u2019t unique to Fresno or even California; it\u2019s become a nationwide phenomenon. From the beginning of 2020 to May 2024, U.S. home prices as a whole have surged by over 50%<\/a>, according to the S&P CoreLogic Case-Shiller National Home Price Index.<\/p>\n

This significant price appreciation has allowed homeowners across the country to build up a substantial amount of equity<\/a>, which can be leveraged for various financial goals, including home improvements, debt repayment, retirement savings, or future investments. An early 2024 report by ICE Mortgage Monitor revealed that the average mortgage-holding homeowner in the U.S. now holds approximately $299,000 in home equity<\/a>.<\/p>\n

For comparison, the table below shows median home prices in cities near Fresno:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
City<\/th>\nMedian home price<\/th>\nDistance from Fresno<\/th>\n<\/tr>\n
Clovis<\/td>\n$525,300<\/td>\n12-18 min (9.2 miles)<\/td>\n<\/tr>\n
Sunnyside<\/td>\n$413,800<\/td>\n8-14 min (6 miles)<\/td>\n<\/tr>\n
Madera<\/td>\n$426,700<\/td>\n24-35 mins (23.2 miles)<\/td>\n<\/tr>\n<\/thead>\n
Sanger<\/td>\n$409,800<\/td>\n18-28 min (16.2 miles)<\/td>\n<\/tr>\n
Reedley<\/td>\n$382,500<\/td>\n30-40 min (24.3 miles)<\/td>\n<\/tr>\n
Kingsburg<\/td>\n$465,000<\/td>\n22-28 min (20.8 miles)<\/td>\n<\/tr>\n
Auberry<\/td>\n$375,000<\/td>\n40-45 min (36.7 miles)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Home value averages of multiple public transaction sites<\/em><\/p>\n

Typical travel times 8 a.m. midweek<\/em><\/p>\n

In the next section, we\u2019ll explore several tools to accurately estimate your Fresno home\u2019s current value.<\/p>\n","protected":false},"excerpt":{"rendered":"

Get the latest insights on home values in Fresno and explore trends, tips, and tools to maximize your home\u2019s worth in 2024.<\/p>\n","protected":false},"author":363,"featured_media":47374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cybocfi_hide_featured_image":"","footnotes":""},"categories":[320,1198,330],"tags":[1202],"class_list":["post-47373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-add-value","category-california-real-estate","category-house-value","tag-selling-a-house-in-central-california"],"acf":[],"yoast_head":"\nHome Values in Fresno: How to Maximize Your Sale<\/title>\n<meta name=\"description\" content=\"Get the latest insights on home values in Fresno and explore trends, tips, and tools to maximize your home\u2019s worth.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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