First American Market Report

Forest Grove, OR

Single-Family Homes

First American Title Company | www.firstam.com



Forest Grove, OR

Fri Feb 28 2020
This week the median list price for Forest Grove, OR is $454,900 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has held steady at or around 45. Click here to stay informed with the Forest Grove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Forest Grove, OR

Fri Feb 28 2020
This week the median list price for Forest Grove, OR is $454,900 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has held steady at or around 45. Click here to stay informed with the Forest Grove market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Forest Grove market.
Median List Price $454,900
Per Square Foot $248
Days on Market 78
Price Decreased 11%
Price Increased 0%
Relisted 7%
Inventory 45
Median Rent $1,748
Most Expensive $1,050,000
Least Expensive $249,999
Market Action 45
Strong Seller's Market

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$590,000 2,642 6,500 - 8,000 sqft 4 2 7 3 2 129
$479,900 1,985 4,500 - 6,500 sqft 4 2 1 2 3 56
$429,000 1,748 6,500 - 8,000 sqft 3 2 0 1 2 45
$350,000 1,466 4,500 - 6,500 sqft 3 2 23 1 2 81