The Gresham housing market is very competitive. Homes in Gresham receive 3 offers on average and sell in around 15 days. The median sale price of a home in Gresham was $496K last month, up 3.8% since last year. The median sale price per square foot in Gresham is $270, up 2.7% since last year.
In May 2024, Gresham home prices were up 3.8% compared to last year, selling for a median price of $496K. On average, homes in Gresham sell after 15 days on the market compared to 11 days last year. There were 95 homes sold in May this year, up from 88 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$496,200
+3.8% YoY | May 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
May 2024
Growth
% YoY
Gresham, OR
$496,200
+3.8%
United States
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How hot is the Gresham housing market?
Gresham is very competitive. Homes sell in 14 days.
0
100
78
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 1% above list price and go pending in around 14 days.
Hot homes
can sell for about 2% above list price and go pending in around 4 days.
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Home offer insights for Gresham
Explore recent offers and recently sold homes in Gresham
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Gresham housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Gresham.
Risk Factor
Flood Factor - Minor
7% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Gresham has a minor risk of flooding. 539 properties in Gresham are likely to be
severely affected
by flooding over the next 30 years. This represents 7% of all properties in Gresham. Flood risk is increasing slower than the national average.
48% of properties are at risk of wildfire over the next 30 years
Fire Factor
Gresham has a moderate risk of wildfire. There are 14,193 properties in Gresham that have some risk of being affected by wildfire over the next 30 years. This represents 48% of all properties in Gresham.