Is Gresham, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Gresham has remained a Seller's Market.
Housing Prices in Gresham, OR
How much do homes in Gresham, OR cost?
Median Sold Price
$475,000
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Gresham was $475,000 in April 2024, up 1.1% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $185K | $184.4K | -0.3% |
2 Bedrooms | $281.5K | $290K | +3.0% |
3 Bedrooms | $447.9K | $450K | 0.5% |
4 Bedrooms | $539.2K | $532.7K | -1.2% |
5+ Bedrooms | $551K | $561.5K | +1.9% |
Summary: Gresham housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.3%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes decreased by 1.2%, and 5+ bedroom homes increased by 1.9%.
Median Sold Price Compared To Nearby Cities
Wood Village | $385K | $399K | +3.6% |
Gresham | $469.9K | $475K | +1.1% |
Troutdale | $471.5K | $470K | -0.3% |
Fairview | $458.5K | $450K | -1.9% |
Portland East | $510.8K | $494.3K | -3.2% |
Housing Supply in Gresham, OR
How many homes are available in Gresham, OR?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
302 | 308 | +2.0% |
Summary: The Gresham real estate market had 308 homes for sale in April 2024, a 2.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 9 | 6 | -33.3% |
2 Bedrooms | 32 | 34 | +6.3% |
3 Bedrooms | 127 | 139 | +9.4% |
4 Bedrooms | 102 | 97 | -4.9% |
5+ Bedrooms | 32 | 32 | 0.0% |
Summary: The Gresham housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 9.4%, 4 bedroom homes decreased by 4.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 75 | -7.4% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
30 Homes Were Sold
Over Asking
Summary: A total of 75 homes were sold or pending in Gresham in April 2024, down by 7.4% month-over-month. Of the 75 sold homes, 23% were sold under asking, 37% were sold at asking, and 40% were sold over asking.
Days on Market for Gresham, OR
How long does it take to sell a home in Gresham, OR?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
32 Days | 35 Days | +7.0% |
Summary: Homes in Gresham had an average of 35 days on market in Apr 2024, up by 7% compared to last year.
Breakdown of Home Sale Times
54 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During April 2024, 75 homes were sold in Gresham; 72% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.