First American Market Report

Sherwood, OR

Single-Family Homes

First American Title Company | www.firstam.com



Sherwood, OR

Wed Jun 16 2021
This week the median list price for Sherwood, OR is $744,500 with the market action index hovering around 74. This is less than last month's market action index of 76. Inventory has increased to 32. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Sherwood, OR

Wed Jun 16 2021
This week the median list price for Sherwood, OR is $744,500 with the market action index hovering around 74. This is less than last month's market action index of 76. Inventory has increased to 32. 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

Market conditions have been consistently cooling in the past several weeks. Because we’re still in the Seller’s zone, prices have not yet begun to drop. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect prices to fall if the index persistently falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Sherwood market.
Median List Price $744,500
Median Price of New Listings $534,450
Per Square Foot $286
Average Days on Market 71
Median Days on Market 25
Price Decreased 31%
Price Increased 3%
Relisted 13%
Inventory 32
Median Rent $2,190
Market Action 74
Strong Seller's Market

This week saw relatively little price change from last week. However, prices continue demonstrate a nice up trend in general over the last several weeks.

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
$1,697,500 5,391 5 - 10 acres 6 4 23 3 1 49
$1,107,500 3,620 0.25 - 0.5 acre 4 3 5 1 2 59
$650,000 2,457 8,000 - 10,000 sqft 4 2 22 3 2 21
$474,950 1,718 4,500 - 6,500 sqft 3 2 25 5 0 17