New Listing
42
$239,900
4606 W Powell Blvd Unit 162
Gresham, OR 97030
3 bd2 ba1,237 sqft$194/ft²
Condo
Bill Bailey · RE/MAX Advantage Group
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Compass Real Estate · Gresham, OR
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Gresham, OR Housing Market & Real Estate
Seller's market-10.4% YoY
Housing market overview · Updated monthly ·
$450,000median sale price
How is the Gresham, OR housing market right now?
The median home sale price in Gresham, OR is $450,000, down 10.4% year-over-year. Homes sell in an average of 15 days with 259 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Gresham a buyer's or seller's market?
Seller's market2.8 months of supply15 avg. days on market
Gresham, OR is currently a seller's market, based on 2.8 months of supply and homes selling in about 15 days. How we determine this →
Homes sold
93
Last 12 weeks
Days on market
15
Fast-moving
Active listings
259
2.8 months supply
Sale-to-list
100.1%
Above asking
What does the Gresham housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $450,000 |
| Median list price | $499,900 |
| Year-over-year price change | -10.4% |
| Average days on market | 15 days |
| Active inventory | 259 listings |
| Months of supply | 2.8 months |
| Sale-to-list price ratio | 100.1% |
| Median price per sq ft | $277/sq ft |
| Homes sold (latest month) | 93 |
| New listings (latest month) | 151 |
| Listings with a price cut | 35.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Gresham by property type?
How the Gresham, OR market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $479,375 | $294/sq ft | 68 | 13 days |
| Condo / Co-op | $265,000 | $205/sq ft | 5 | 55 days |
| Townhouse | $408,498 | $265/sq ft | 18 | 30 days |
Source: Redfin · Updated monthly
The Gresham housing market is currently classified as a seller's market with a median sale price of $450,000. Prices have fallen 10.4% compared to last year, with homes spending an average of 15 days on market, indicating 2.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 6.4x provides context for how home values compare to local earning capacity.
Homes for sale in Gresham
There are currently 259 homes listed for sale in Gresham, Oregon. The median listing price is $500K. Featured listings range from $239,900 to $725,000.
New Build
14
$484,999
3729 SW Knapp Dr
Gresham, OR 97080
4 bd3 ba1,971 sqft$246/ft²
Townhouse
View photos & details
New Build
2
$525,995
3582 SW Battaglia Ave
Gresham, OR 97080
4 bd3 ba1,897 sqft$277/ft²
House
View photos & details
New Build
8
$528,999
3687 SW 40th St
Gresham, OR 97080
3 bd3 ba1,652 sqft$320/ft²
House
View photos & details
New Build
31
$567,995
3504 SW Binford Ave
Gresham, OR 97080
5 bd3 ba2,042 sqft$278/ft²
House
View photos & details
New Build
10
$593,999
3702 SW 38th St
Gresham, OR 97080
3 bd3 ba1,861 sqft$319/ft²
House
View photos & details
New Build
$602,999
3607 SW 37th St
Gresham, OR 97080
3 bd2 ba1,661 sqft$363/ft²
House
View photos & details
New Build
$617,999
3610 SW 37th St
Gresham, OR 97080
3 bd2 ba1,807 sqft$342/ft²
House
View photos & details
New Build
15
$642,999
3635 SW 37th St
Gresham, OR 97080
4 bd3 ba2,445 sqft$263/ft²
House
View photos & details
New Build
13
$649,999
3593 SW 37th St
Gresham, OR 97080
4 bd3 ba2,537 sqft$256/ft²
House
View photos & details
New Build
8
$702,999
3650 SW 37th St
Gresham, OR 97080
5 bd3 ba2,619 sqft$268/ft²
House
View photos & details
New Listing
34
$725,000
1267 NE 183rd Ave
Gresham, OR 97230
8 bd4 ba
Multi-family14,375 sqft lot
Bev Blume · Keller Williams Realty Portland Elite
View photos & details
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Active listings
259
Homes on market
Median list price
$500K
Avg. days on market
15
Days until sale
New this week
151
Newly listed
Price drops:35.1%of listings
Sale-to-list:100.1%
Who lives in Gresham?
Population
112,818
Median income
$73,608/yr
Median age
37.2 years
Owner-occupied
56.1%
College grads
23.6%
Avg commute
27.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Gresham?
Zillow home value
$473,726
Zillow rent index
$1,632/mo
Price-to-rent ratio
24.2x
Price-to-income
6.4x
Source: Zillow Research
What is it like to live in Gresham?
Gresham is a community of approximately 113K residents with a median age of 37.2 years.The median household income is $73,608, which represents a working-class community with solid middle-income opportunities. 23.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 56.1%, showing a blend of owner and renter-occupied properties. The average commute time is 27.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Gresham offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Gresham?
23 schools tracked · 13,338 students
The largest public schools serving Gresham, OR by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Centennial High School
Grades 9-12 · 1,731 students
Gresham High School
Grades 9-12 · 1,698 students
Sam Barlow High School
Grades 9-12 · 1,638 students
Metro East Web Academy
Grades K-12 · 717 students
Clear Creek Middle School
Grades 6-8 · 642 students
Gordon Russell Middle School
Grades 6-8 · 635 students
East Gresham Elementary School
Grades K-5 · 563 students
North Gresham Elementary School
Grades K-5 · 560 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Gresham, OR?
Want a head-to-head view? Compare Gresham side-by-side with any other U.S. city using our market-comparison tool.
Which ZIP codes are in Gresham?
Is Gresham a good real estate investment market?
For investors evaluating Gresham, the price-to-rent ratio of 24.2x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 10.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Gresham's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Gresham's median home price.
Frequently asked questions
What is the average home price in Gresham?
The median home sale price in Gresham is $450,000, down 10.4% from last year.
How long do homes stay on market in Gresham?
Homes typically spend 15 days on market before going under contract.
What is the median income in Gresham?
The median household income is $73,608 per year.
Is Gresham a buyer's or seller's market?
With 2.8 months of supply, Gresham is currently a seller's market.
How many homes are for sale in Gresham?
There are currently 259 homes listed for sale in Gresham, OR.
What is the Zillow home value estimate for Gresham?
The Zillow Home Value Index (ZHVI) for Gresham is $473,726, representing the typical home value in the area.
What is the median condo price in Gresham?
The median condo/co-op sale price in Gresham, OR is $265,000, compared to $479,375 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Gresham?
The median single-family home price in Gresham, OR is $479,375 (about $294 per square foot).
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