$5,344 Closing Credit*
$450,000
1,132 SqFt
3 Beds
•1 Full Bath
Kimberly Parmon, Listing Office: Living Room Realty
Is Gresham, 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, Gresham has remained a Seller's Market.
Key Takeaway
Gresham is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gresham, OR
How much do homes in Gresham, OR cost?
Median Sold Price
$484,297
$269/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$19,297(+4.2%)
Key Takeaway
Homes in Gresham have sold for 4.2% more than they did a year ago.
Summary: The median home sold price in Gresham was $484,297 in October 2024, up 4.2% from last year, and the median price per square foot was $269.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $183.8K | $180K | -2.1% |
| 2 Bedrooms | $312.5K | $273.5K | -12.5% |
| 3 Bedrooms | $444.9K | $455.1K | +2.3% |
| 4 Bedrooms | $524.9K | $543.3K | +3.5% |
| 5+ Bedrooms | $548.4K | $573.6K | +4.6% |
Summary: Gresham housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 2.3%, 4 bedroom homes increased by 3.5%, and 5+ bedroom homes increased by 4.6%.
Median Sold Price Compared To Nearby Cities
| Troutdale | $459.9K | $499K | +8.5% |
| Wood Village | $377.5K | $399K | +5.7% |
| Gresham | $465K | $484.2K | +4.2% |
| Portland East | $495.1K | $494.5K | -0.1% |
| Fairview | $450K | $449.2K | -0.2% |
Housing Supply in Gresham, OR
How many homes are available in Gresham, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 385 | 355 | -7.8% |
Summary: The Gresham real estate market had 355 homes for sale in October 2024, a 7.8% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 40 | 46 | +15.0% |
| 3 Bedrooms | 202 | 186 | -7.9% |
| 4 Bedrooms | 105 | 89 | -15.2% |
| 5+ Bedrooms | 31 | 27 | -12.9% |
Summary: The Gresham 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 15%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 15.2%, and 5+ bedroom homes decreased by 12.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 91 | 84 | -7.7% |
Asking Price vs. Sold Price
27 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gresham, you could pay more than the asking price. 38.1% of homes here sold above asking price last month.
Summary: A total of 84 homes were sold or pending in Gresham in October 2024, down by 7.7% month-over-month. Of the 84 sold homes, 32% were sold under asking, 30% were sold at asking, and 38% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 43 Days | 48 Days | +12.4% |
Summary: Homes in Gresham had an average of 48 days on market in Oct 2024, up by 12.4% compared to last year.
Breakdown of Home Sale Times
44 Homes Were Sold
Under 30 Days
28 Homes Were Sold
In 30 - 90 Days
12 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 October 2024, 84 homes were sold in Gresham; 52% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 14% 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.