First American Market Report

Gresham, OR

Single-Family Homes

First American Title Company | www.firstam.com



Gresham, OR

Tue Oct 15 2019
This week the median list price for Gresham, OR is $419,900 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has held steady at or around 189. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gresham, OR

Tue Oct 15 2019
This week the median list price for Gresham, OR is $419,900 with the market action index hovering around 48. This is less than last month's market action index of 49. Inventory has held steady at or around 189. 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 has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gresham market.
Median List Price $419,900
Per Square Foot $202
Days on Market 79
Price Decreased 41%
Price Increased 4%
Relisted 7%
Inventory 189
Median House Rent $2,023
Most Expensive $1,425,000
Least Expensive $159,900
Market Action Index
Strong Seller's Market
48

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
$619,000 3,273 0.5 - 1 acre 4 3 22 1 3 162
$440,000 2,306 4,500 - 6,500 sqft 4 2 12 6 1 59
$385,000 1,931 6,500 - 8,000 sqft 3 2 37 7 7 41
$339,950 1,494 6,500 - 8,000 sqft 3 2 43 8 14 51