First American Market Report

Forest Grove, OR

Single-Family Homes

First American Title Company | www.firstam.com



Forest Grove, OR

Sun Aug 18 2019
This week the median list price for Forest Grove, OR is $489,000 with the market action index hovering around 50. This is an increase over last month's market action index of 46. Inventory has held steady at or around 57. 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

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

Sun Aug 18 2019
This week the median list price for Forest Grove, OR is $489,000 with the market action index hovering around 50. This is an increase over last month's market action index of 46. Inventory has held steady at or around 57. 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

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 $489,000
Per Square Foot $214
Days on Market 69
Price Decreased 40%
Price Increased 2%
Relisted 5%
Inventory 57
Median House Rent $1,745
Most Expensive $1,695,000
Least Expensive $265,000
Market Action Index
Strong Seller's Market
50

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
$711,875 3,258 0.25 - 0.5 acre 4 2 20 3 2 143
$522,589 2,581 4,500 - 6,500 sqft 3 2 7 2 1 43
$449,925 2,237 4,500 - 6,500 sqft 3 2 1 3 3 34
$329,900 1,484 4,500 - 6,500 sqft 3 2 23 3 5 56