$130,000
0.12 Acres
Land
Kirk Sherrill, Listing Office: Premiere Property Group, LLC
Is Forest Grove, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Forest Grove has remained a Seller's Market.
Key Takeaway
Forest Grove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Forest Grove, OR
How much do homes in Forest Grove, OR cost?
Median Sold Price
$535,000
$282/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,962(-1.8%)
Key Takeaway
Homes in Forest Grove have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in Forest Grove was $535,000 in October 2024, down 1.8% from last year, and the median price per square foot was $282.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $205K | - | N/A |
| 2 Bedrooms | $362.5K | $399.9K | +10.3% |
| 3 Bedrooms | $477K | $499.4K | +4.7% |
| 4 Bedrooms | $600K | $595.4K | -0.8% |
| 5+ Bedrooms | $663.7K | $669.9K | +0.9% |
Summary: Forest Grove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Cornelius | $488K | $514.5K | +5.4% |
| Forest Grove-Cornelius | $520K | $520.8K | 0.2% |
| Forest Grove | $544.9K | $535K | -1.8% |
Housing Supply in Forest Grove, OR
How many homes are available in Forest Grove, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 108 | 110 | +1.9% |
Summary: The Forest Grove real estate market had 110 homes for sale in October 2024, a 1.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 14 | +40.0% |
| 3 Bedrooms | 42 | 43 | +2.4% |
| 4 Bedrooms | 41 | 35 | -14.6% |
| 5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Forest Grove housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 22 | 20 | -9.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Forest Grove, expect to pay close to the asking price. 45% of homes here sold near the asking price last month.
Summary: A total of 20 homes were sold or pending in Forest Grove in October 2024, down by 9.1% month-over-month. Of the 20 sold homes, 15% were sold under asking, 45% were sold at asking, and 40% were sold over asking.
Days on Market for Forest Grove, OR
How long does it take to sell a home in Forest Grove, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 28 Days | 55 Days | +95.3% |
Summary: Homes in Forest Grove had an average of 55 days on market in Oct 2024, up by 95.3% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Forest Grove are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 20 homes were sold in Forest Grove; 60% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
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