The Southwest Gresham housing market is very competitive. Homes in Southwest Gresham receive 10 offers on average and sell in around 24 days. The median sale price of a home in Southwest Gresham was $544K last month, up 5.5% since last year. The median sale price per square foot in Southwest Gresham is $263, up 1.7% since last year.
What is the housing market like in Southwest Gresham today?
In March 2024, Southwest Gresham home prices were up 5.5% compared to last year, selling for a median price of $544K. On average, homes in Southwest Gresham sell after 24 days on the market compared to 88 days last year. There were 30 homes sold in March this year, up from 26 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$544,292
+5.5% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Southwest Gresham, OR
$544,293
+5.5%
United States
To compare other locations to the Southwest Gresham and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Gresham add value to a home.
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How hot is the Southwest Gresham housing market?
Southwest Gresham is very competitive. Homes sell in 12 days.
0
100
72
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 12 days.
Hot homes
can sell for about 2% above list price and go pending in around 5 days.
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 Southwest Gresham housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Southwest Gresham.
Risk Factor
Flood Factor - Moderate
2% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Southwest Gresham has a moderate risk of flooding. 51 properties in Southwest Gresham are likely to be
severely affected
by flooding over the next 30 years. This represents 2% of all properties in Southwest Gresham. Flood risk is increasing slower than the national average.
96% of properties are at risk of wildfire over the next 30 years
Fire Factor
Southwest Gresham has a moderate risk of wildfire. There are 3,267 properties in Southwest Gresham that have some risk of being affected by wildfire over the next 30 years. This represents 96% of all properties in Southwest Gresham.
Southwest Gresham has minimal risk of severe winds over the next 30 years
Wind Factor
Southwest Gresham has a Minimal Wind Factor®, which means there is a very low likelihood that hurricane, tornado or severe storm winds will impact this area.
67% of properties are at moderate
risk of heat over the next 30 years
Heat Factor
Southwest Gresham has a moderate risk from heat. This is due to
"feels like" temperatures
increasing, and because 67% of homes in Southwest Gresham have a Moderate Heat Factor®.
Southwest Gresham is expected to see a 114% increase in the number of days over 90ºF over the next 30 years. Southwest Gresham is expected to experience 7