First American Market Report

Forest Grove, OR

Single-Family Homes

First American Title Company | www.firstam.com



Forest Grove, OR

Mon Apr 22 2019
This week the median list price for Forest Grove, OR is $489,450 with the market action index hovering around 46. This is an increase over last month's market action index of 43. Inventory has held steady at or around 48. Click here to stay informed with the Forest Grove market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Forest Grove, OR

Mon Apr 22 2019
This week the median list price for Forest Grove, OR is $489,450 with the market action index hovering around 46. This is an increase over last month's market action index of 43. Inventory has held steady at or around 48. Click here to stay informed with the Forest Grove market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Strong Seller's Market

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Forest Grove market.
Median List Price $489,450
Per Square Foot $205
Days on Market 68
Price Decreased 23%
Price Increased 4%
Relisted 6%
Inventory 48
Median House Rent $1,195
Most Expensive $1,695,000
Least Expensive $89,999
Market Action Index
Strong Seller's Market
46

Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$824,925 3,712 1 - 2.5 acres 4 3 17 2 1 133
$514,479 2,606 6,500 - 8,000 sqft 4 2 7 2 0 45
$424,950 2,007 4,500 - 6,500 sqft 3 2 10 5 2 37
$350,000 1,549 6,500 - 8,000 sqft 3 2 28 6 3 58