First American Market Report

Forest Grove, OR

Single-Family Homes

First American Title Company | www.firstam.com



Forest Grove, OR

Tue Jun 18 2019
This week the median list price for Forest Grove, OR is $446,076 with the market action index hovering around 46. This is an increase over 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

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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Forest Grove, OR

Tue Jun 18 2019
This week the median list price for Forest Grove, OR is $446,076 with the market action index hovering around 46. This is an increase over 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

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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Forest Grove market.
Median List Price $446,076
Per Square Foot $204
Days on Market 60
Price Decreased 41%
Price Increased 0%
Relisted 9%
Inventory 56
Median House Rent $1,995
Most Expensive $1,695,000
Least Expensive $104,900
Market Action Index
Strong Seller's Market
46

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$757,444 3,549 1 - 2.5 acres 4 2 11 0 0 121
$492,450 2,527 4,500 - 6,500 sqft 4 2 4 3 1 55
$404,450 1,981 6,500 - 8,000 sqft 3 2 22 2 2 28
$322,450 1,422 4,500 - 6,500 sqft 3 2 55 5 4 38