First American Market Report

Sherwood, OR

Single-Family Homes

First American Title Company | www.firstam.com



Sherwood, OR

Sun May 31 2020
This week the median list price for Sherwood, OR is $750,000 with the market action index hovering around 52. This is less than last month's market action index of 55. Inventory has held steady at or around 35. Click here to stay informed with the Sherwood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Sherwood, OR

Sun May 31 2020
This week the median list price for Sherwood, OR is $750,000 with the market action index hovering around 52. This is less than last month's market action index of 55. Inventory has held steady at or around 35. Click here to stay informed with the Sherwood market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Sherwood market.
Median List Price $750,000
Per Square Foot $260
Days on Market 129
Price Decreased 31%
Price Increased 0%
Relisted 3%
Inventory 35
Median Rent
Most Expensive $1,999,999
Least Expensive $389,900
Market Action 52
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$1,300,000 3,508 5 - 10 acres 4 3 20 0 1 251
$895,000 3,574 2.5 - 5 acres 4 3 29 1 2 169
$675,000 2,744 1 - 2.5 acres 4 2 43 0 0 64
$515,000 2,406 6,500 - 8,000 sqft 4 2 23 2 1 42