First American Market Report

Forest Grove, OR

Single-Family Homes

First American Title Company | www.firstam.com



Forest Grove, OR

Fri Sep 20 2019
This week the median list price for Forest Grove, OR is $469,139 with the market action index hovering around 47. This is less than last month's market action index of 49. Inventory has held steady at or around 60. 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

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

Fri Sep 20 2019
This week the median list price for Forest Grove, OR is $469,139 with the market action index hovering around 47. This is less than last month's market action index of 49. Inventory has held steady at or around 60. 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

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 $469,139
Per Square Foot $210
Days on Market 61
Price Decreased 40%
Price Increased 2%
Relisted 8%
Inventory 60
Median House Rent $1,695
Most Expensive $1,695,000
Least Expensive $168,000
Market Action Index
Strong Seller's Market
47

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
$549,995 2,688 8,000 - 10,000 sqft 4 2 16 1 1 109
$489,000 2,524 4,500 - 6,500 sqft 3 2 6 1 1 49
$425,000 2,295 4,500 - 6,500 sqft 4 2 6 1 4 48
$349,000 1,596 6,500 - 8,000 sqft 3 2 20 4 4 39