First American Market Report

Forest Grove, OR

Single-Family Homes

First American Title Company | www.firstam.com



Forest Grove, OR

Mon Jul 22 2019
This week the median list price for Forest Grove, OR is $467,339 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has held steady at or around 52. 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

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

Mon Jul 22 2019
This week the median list price for Forest Grove, OR is $467,339 with the market action index hovering around 45. This is an increase over last month's market action index of 44. Inventory has held steady at or around 52. 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

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 $467,339
Per Square Foot $209
Days on Market 73
Price Decreased 40%
Price Increased 2%
Relisted 13%
Inventory 52
Median House Rent $1,750
Most Expensive $1,695,000
Least Expensive $265,000
Market Action Index
Strong Seller's Market
45

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
$869,000 3,461 1 - 2.5 acres 4 2 18 0 0 138
$509,956 2,528 4,500 - 6,500 sqft 3 2 2 2 1 50
$428,750 2,180 6,500 - 8,000 sqft 4 2 5 2 1 57
$345,900 1,681 6,500 - 8,000 sqft 3 2 22 3 3 47