First American Market Report

Sherwood, OR

Single-Family Homes

First American Title Company | www.firstam.com



Sherwood, OR

Sun Aug 01 2021
This week the median list price for Sherwood, OR is $775,000 with the market action index hovering around 80. This is an increase over last month's market action index of 78. Inventory has decreased to 27. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Sherwood, OR

Sun Aug 01 2021
This week the median list price for Sherwood, OR is $775,000 with the market action index hovering around 80. This is an increase over last month's market action index of 78. Inventory has decreased to 27. 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

Home sales have been exceeding new inventory for several weeks. However prices have not yet stopped falling. Since the market is already in the Seller's zone, expect prices to level off very soon. Should the sales trend continue expect that prices could climb from there.

Real-Time Market Profile

Never miss important changes in the Sherwood market.
Median List Price $775,000
Median Price of New Listings $642,450
Per Square Foot $314
Average Days on Market 60
Median Days on Market 21
Price Decreased 22%
Price Increased 11%
Relisted 26%
Inventory 27
Median Rent $2,190
Market Action 80
Strong Seller's Market

The market has been on a downward trend recently and this week, while essentially flat, doesn’t break us out of that cycle.

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
$2,899,750 4,790 N/A 4 3 21 0 0 17
$1,303,000 3,886 2.5 - 5 acres 4 3 16 2 2 84
$699,500 2,827 0.25 - 0.5 acre 5 3 35 2 5 14
$549,900 1,792 6,500 - 8,000 sqft 3 2 24 4 5 0