First American Market Report

Forest Grove, OR

Single-Family Homes

First American Title Company | www.firstam.com



Forest Grove, OR

Fri Dec 13 2019
This week the median list price for Forest Grove, OR is $450,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 51. 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

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 Dec 13 2019
This week the median list price for Forest Grove, OR is $450,000 with the market action index hovering around 43. This is an increase over last month's market action index of 41. Inventory has held steady at or around 51. 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

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 $450,000
Per Square Foot $205
Days on Market 76
Price Decreased 24%
Price Increased 2%
Relisted 2%
Inventory 51
Median Rent $1,633
Most Expensive $999,000
Least Expensive $144,900
Market Action 43
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
$582,450 3,041 6,500 - 8,000 sqft 4 2 14 0 1 111
$499,000 2,528 4,500 - 6,500 sqft 3 2 0 0 2 93
$389,900 2,005 6,500 - 8,000 sqft 3 2 16 0 2 54
$300,000 1,447 6,500 - 8,000 sqft 3 2 69 4 3 45