First American Market Report

Gresham, OR

Single-Family Homes

First American Title Company | www.firstam.com



Gresham, OR

Wed Jun 16 2021
This week the median list price for Gresham, OR is $502,450 with the market action index hovering around 91. This is less than last month's market action index of 92. Inventory has increased to 60. Click here to stay informed with the Gresham market!

Market Action Index

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

Strong Seller's Market

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

Wed Jun 16 2021
This week the median list price for Gresham, OR is $502,450 with the market action index hovering around 91. This is less than last month's market action index of 92. Inventory has increased to 60. Click here to stay informed with the Gresham market!

Market Action Index

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

Strong Seller's Market

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 $502,450
Median Price of New Listings $499,900
Per Square Foot $257
Average Days on Market 52
Median Days on Market 7
Price Decreased 17%
Price Increased 5%
Relisted 3%
Inventory 60
Median Rent
Market Action 91
Strong Seller's Market

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
$749,900 2,962 0.5 - 1 acre 4 2 28 4 1 56
$554,900 2,640 8,000 - 10,000 sqft 4 2 27 9 6 0
$489,000 1,890 8,000 - 10,000 sqft 3 2 52 6 5 7
$415,000 1,376 6,500 - 8,000 sqft 3 2 42 10 8 0