First American Market Report

Gresham, OR

Single-Family Homes

First American Title Company | www.firstam.com



Gresham, OR

Mon Apr 22 2019
This week the median list price for Gresham, OR is $459,200 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 144. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Gresham, OR

Mon Apr 22 2019
This week the median list price for Gresham, OR is $459,200 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 144. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Gresham market.
Median List Price $459,200
Per Square Foot $200
Days on Market 112
Price Decreased 35%
Price Increased 11%
Relisted 4%
Inventory 144
Median House Rent $1,695
Most Expensive $1,350,000
Least Expensive $239,000
Market Action Index
Slight Seller's Advantage
42

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
$646,967 3,144 0.25 - 0.5 acre 4 3 18 5 4 159
$498,650 2,578 4,500 - 6,500 sqft 3 2 1 5 0 139
$407,000 2,018 8,000 - 10,000 sqft 3 2 23 6 4 96
$339,497 1,631 6,500 - 8,000 sqft 3 2 42 16 11 55