First American Market Report

Gresham, OR

Single-Family Homes

First American Title Company | www.firstam.com



Gresham, OR

Tue Jun 18 2019
This week the median list price for Gresham, OR is $434,990 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 177. 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

Strong Seller's Market

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

Tue Jun 18 2019
This week the median list price for Gresham, OR is $434,990 with the market action index hovering around 46. This is an increase over last month's market action index of 45. Inventory has held steady at or around 177. 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

Strong Seller's Market

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 $434,990
Per Square Foot $198
Days on Market 83
Price Decreased 41%
Price Increased 3%
Relisted 4%
Inventory 177
Median House Rent $1,400
Most Expensive $1,299,900
Least Expensive $230,000
Market Action Index
Strong Seller's Market
46

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$604,000 3,292 0.25 - 0.5 acre 4 3 21 3 2 138
$484,997 2,508 4,500 - 6,500 sqft 3 2 2 2 0 120
$408,950 2,012 6,500 - 8,000 sqft 4 2 27 12 3 38
$349,900 1,665 6,500 - 8,000 sqft 3 2 43 17 9 40