First American Market Report

Gresham, OR

Single-Family Homes

First American Title Company | www.firstam.com



Gresham, OR

Tue Feb 19 2019
This week the median list price for Gresham, OR is $457,200 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 132. Click here to stay informed with the Gresham 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

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Gresham, OR

Tue Feb 19 2019
This week the median list price for Gresham, OR is $457,200 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 132. Click here to stay informed with the Gresham 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

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Gresham market.
Median List Price $457,200
Per Square Foot $196
Days on Market 143
Price Decreased 36%
Price Increased 15%
Relisted 15%
Inventory 132
Median House Rent $1,773
Most Expensive $1,200,000
Least Expensive $120,000
Market Action Index
Slight Seller's Advantage
37

The market seems to have paused around this plateau. 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
$667,934 3,516 0.5 - 1 acre 4 3 18 2 0 239
$499,500 2,501 4,500 - 6,500 sqft 3 2 1 4 2 145
$399,900 2,162 8,000 - 10,000 sqft 4 2 26 3 6 135
$319,900 1,564 6,500 - 8,000 sqft 3 2 46 5 7 53