First American Market Report

Forest Grove, OR

Single-Family Homes

First American Title Company | www.firstam.com



Forest Grove, OR

Sat Dec 07 2019
This week the median list price for Forest Grove, OR is $470,000 with the market action index hovering around 44. This is an increase over last month's market action index of 40. Inventory has held steady at or around 53. 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

Sat Dec 07 2019
This week the median list price for Forest Grove, OR is $470,000 with the market action index hovering around 44. This is an increase over last month's market action index of 40. Inventory has held steady at or around 53. 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 $470,000
Per Square Foot $211
Days on Market 72
Price Decreased 26%
Price Increased 2%
Relisted 4%
Inventory 53
Median Rent $1,633
Most Expensive $999,000
Least Expensive $260,000
Market Action 44
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
$590,000 3,024 6,500 - 8,000 sqft 4 2 14 2 0 101
$499,720 2,528 4,500 - 6,500 sqft 3 2 0 0 1 78
$449,000 2,099 6,500 - 8,000 sqft 4 2 6 0 3 61
$343,000 1,472 6,500 - 8,000 sqft 3 2 36 5 3 50