First American Market Report

Forest Grove, OR

Single-Family Homes

First American Title Company | www.firstam.com



Forest Grove, OR

Mon Nov 18 2019
This week the median list price for Forest Grove, OR is $452,900 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 61. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Mon Nov 18 2019
This week the median list price for Forest Grove, OR is $452,900 with the market action index hovering around 41. This is about the same as last month's market action index of 41. Inventory has held steady at or around 61. 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 been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $452,900
Per Square Foot $210
Days on Market 64
Price Decreased 36%
Price Increased 2%
Relisted 3%
Inventory 61
Median Rent $1,675
Most Expensive $999,000
Least Expensive $289,000
Market Action 41
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
$540,000 2,758 6,500 - 8,000 sqft 4 2 12 2 2 93
$499,000 2,524 6,500 - 8,000 sqft 4 2 6 1 1 66
$399,900 1,964 6,500 - 8,000 sqft 4 2 5 2 2 42
$342,000 1,489 6,500 - 8,000 sqft 3 2 23 2 4 54