First American Market Report

Forest Grove, OR

Single-Family Homes

First American Title Company | www.firstam.com



Forest Grove, OR

Sun May 31 2020
This week the median list price for Forest Grove, OR is $439,900 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 56. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Forest Grove, OR

Sun May 31 2020
This week the median list price for Forest Grove, OR is $439,900 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has held steady at or around 56. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Forest Grove market.
Median List Price $439,900
Per Square Foot $222
Days on Market 74
Price Decreased 29%
Price Increased 0%
Relisted 4%
Inventory 56
Median Rent $1,500
Most Expensive $1,695,000
Least Expensive $89,900
Market Action 44
Slight Seller's Advantage

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
$619,450 3,051 0.25 - 0.5 acre 4 2 16 1 6 65
$479,900 2,089 6,500 - 8,000 sqft 3 2 0 3 3 108
$422,450 1,858 6,500 - 8,000 sqft 3 2 0 1 1 55
$354,950 1,488 6,500 - 8,000 sqft 3 2 18 2 1 66