Fresno Housing Market: Prices | Trends | Forecasts 2022
Abstract
In May 2022, Fresno home prices were up 16.7% compared to last year, selling for a median price of $385K. On average, homes in Fresno sell after 10 days on the market compared to 8 days last year. Metropolitan Fresno, officially Fresno-Madera, CA CSA, is a metropolitan area in the San Joaquin Valley, in the United States, consisting of Fresno and Madera counties. Graph Credits: Zillow.com Fresno Real Estate Investment Overview 2022 Is it worth buying a house in Fresno, CA? Investing in real estate is touted as a great way to become wealthy. Many real estate investors have asked themselves if buying a property in Fresno is a good investment? Fresno is the epitome of "The Valley", the city that Californians like to mock as a backwater drawing a steady stream of nearly local rural girls to the theoretically more cultured, exciting, and fun cities like Los Angeles. Fresno Market is Big Enough to Consider The Fresno housing market is small by Californian standards, but it is a large real estate market in and of itself. Fresno Has a Relatively Diverse Economy Fresno may be in the agricultural heartland of the state, but there is more to the local economy than farming and food processing. While Fresno made the news of the real estate crash around 2008, the diverse and improving job market contributed to the rebounding of the Fresno housing market.
