Forest Grove Real Estate Market Update
Forest Grove Real Estate Market Update: What August 2025 Numbers Mean for Buyers & Sellers
The latest Forest Grove market data is in, and there are some interesting trends both buyers and sellers should know about.
Current Market Snapshot
Forest Grove is showing signs of a balanced market with 4.66 months of inventory - right in that sweet spot where neither buyers nor sellers have a huge advantage. Homes are selling close to asking price at 99.1%, and the median sold price hit $555,000 in July.
What really catches my attention is how quickly homes are moving. The median days on market dropped to just 26 days, which means well-priced homes are still attracting buyers fast.
Home Values: The Real Story
Here's what I'm seeing: Forest Grove's median estimated home value sits at $501,320, which is actually below the Washington County average of $588,000. For buyers, this means you're getting more value compared to neighboring areas.
The 12-month change shows values down 3.5%, but don't panic if you're a seller. This adjustment was needed after the rapid price increases we saw during the pandemic years. We're seeing a market that's finding its footing.
What This Means for Buyers
If you've been waiting for the "perfect time" to buy, this might be it. With inventory at reasonable levels and homes selling at 99% of asking price, you have room to negotiate - especially if you're pre-approved and ready to move quickly.
The data shows most sales happening in the $500K-$600K range, which aligns with what I'm seeing with my buyers. First-time buyers can still find options under $500K, while move-up buyers have good selection in the $600K+ range.
Sellers: Price It Right from Day One
With homes selling in 26 days on average, the market is still moving - but only for properly priced homes. The 99.1% sold-to-list ratio tells me buyers are being selective. Overpricing will leave you sitting on the market while well-priced homes sell quickly.
Looking Ahead
Forest Grove continues to offer that small-town feel with big-city access. We're 25 minutes from Portland, have Pacific University bringing steady rental demand, and major employers like Nike and Intel keeping the job market stable.
Whether you're buying your first home, moving up, or considering investment property, Forest Grove remains a solid choice in Washington County.
Ready to talk about your Forest Grove real estate goals? The market data is just the starting point - your specific situation is what really matters. Let's discuss what these numbers mean for your next move.
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