Is Gresham, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Gresham was a Seller's Market.
Key Takeaway
Gresham is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Gresham, OR
How much do homes in Gresham, OR cost?
Median Sold Price
$475,000
$264/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Gresham have sold for 1.1% more than they did a year ago.
Summary: The median home sold price in Gresham was $475,000 in March 2024, up 1.1% from last year, and the median price per square foot was $264.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $183.8K | -0.6% |
| 2 Bedrooms | $295K | $287.5K | -2.5% |
| 3 Bedrooms | $450K | $449.9K | 0% |
| 4 Bedrooms | $539.9K | $530.9K | -1.7% |
| 5+ Bedrooms | $582.6K | $549.9K | -5.6% |
Summary: Gresham housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.6%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes did not change, 4 bedroom homes decreased by 1.7%, and 5+ bedroom homes decreased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Gresham | $469.8K | $475K | +1.1% |
| Fairview | $461.2K | $450K | -2.4% |
| Wood Village | $385.5K | $376K | -2.5% |
| Troutdale | $479.9K | $465K | -3.1% |
| Portland East | $515.1K | $495.1K | -3.9% |
Housing Supply in Gresham, OR
How many homes are available in Gresham, OR?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 454 | 462 | +1.8% |
Summary: The Gresham real estate market had 462 homes for sale in March 2024, a 1.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 15 | 15 | 0.0% |
| 2 Bedrooms | 43 | 45 | +4.7% |
| 3 Bedrooms | 208 | 209 | 0.5% |
| 4 Bedrooms | 140 | 142 | +1.4% |
| 5+ Bedrooms | 48 | 51 | +6.3% |
Summary: The Gresham housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 6.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 60 | 75 | +25.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gresham, you could pay more than the asking price. 36% of homes here sold above asking price last month.
Summary: A total of 75 homes were sold or pending in Gresham in March 2024, up by 25.0% month-over-month. Of the 75 sold homes, 32% were sold under asking, 32% were sold at asking, and 36% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 48 Days | 44 Days | -7.2% |
Summary: Homes in Gresham had an average of 44 days on market in Mar 2024, down by 7.2% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
14 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gresham are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 75 homes were sold in Gresham; 68% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.