First American Market Report

Forest Grove, OR

Single-Family Homes

First American Title Company | www.firstam.com



Forest Grove, OR

Wed Jun 16 2021
This week the median list price for Forest Grove, OR is $512,450 with the market action index hovering around 87. This is an increase over last month's market action index of 84. Inventory has decreased to 16. 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

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

Wed Jun 16 2021
This week the median list price for Forest Grove, OR is $512,450 with the market action index hovering around 87. This is an increase over last month's market action index of 84. Inventory has decreased to 16. 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

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 $512,450
Median Price of New Listings $552,400
Per Square Foot $271
Average Days on Market 36
Median Days on Market 7
Price Decreased 6%
Price Increased 6%
Relisted 0%
Inventory 16
Median Rent $1,548
Market Action 87
Strong Seller's Market

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
$1,087,500 3,526 N/A 4 2 103 2 1 42
$557,450 2,463 4,500 - 6,500 sqft 4 2 16 3 2 0
$467,900 1,729 0.25 - 0.5 acre 3 2 0 0 0 31
$444,750 1,420 6,500 - 8,000 sqft 3 2 41 3 4 0