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Gresham Housing Market Report May 2025•Multnomah County, Oregon
Housing Prices in Gresham, OR
How much do homes in Gresham, OR cost?
Housing Market Conditions
Is Gresham, OR a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
Gresham is a Neutral Market
Difference Since May 2024
At the same time last year, Gresham was a Seller's Market.
Gresham is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Median Sold Price
Based on all homes sold in the last 12 months
Homes in Gresham have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Gresham was $482,653 in May 2025, up 1.4% from last year, and the median price per square foot was $270.
Median Sold Price By Cities
City | May 2024 | May 2025 | Change YoY |
---|---|---|---|
Troutdale | $470K | $505K | +7.4% |
Fairview | $452.5K | $465K | +2.8% |
Gresham | $475.8K | $482.6K | +1.4% |
Portland East | $494.6K | $497.5K | +0.6% |
Median Sold Price By Bedrooms
Beds | May 2024 | May 2025 | Change YoY |
---|---|---|---|
11 Bedroom | $185K | $171.9K | -7.1% |
22 Bedrooms | $285K | $275.5K | -3.3% |
33 Bedrooms | $450K | $459.9K | +2.2% |
44 Bedrooms | $534.9K | $545.3K | +1.9% |
55+ Bedrooms | $559.9K | $588K | +5.0% |
Summary: Gresham housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -7.1%. The home price for 2 bedroom homes decreased by -3.3%. The home price for 3 bedroom homes increased by +2.2%. The home price for 4 bedroom homes increased by +1.9%. The home price for 5 bedroom homes increased by +5.0%.
How does Gresham, OR compare with other places?
Market comparison tool
Data and numbers shown are subject to change and may vary based on different timeframes.
Gresham, OR
Housing supply in Gresham, OR
How many homes are available in Gresham, OR?
Number of Homes For Sale
Last Month | 2 months ago | Change MoM |
---|---|---|
414Last MonthMay 2025 | ||
3552 months agoApr 2025 | +16.6 % Change MoMApr – May |
Summary: The Gresham real estate market had 414 homes for sale in May 2025, a 16.6 % increase compared to Apr 2025.
Number of Homes Sold
Last Month | 2 months ago | Change MoM |
---|---|---|
69Last MonthMay 2025 | ||
762 months agoApr 2025 | -9.2 % Change MoMApr – May |
Homes For Sale By Bedroom Count
Beds | Apr 2025 | May 2025 | Change MoM |
---|---|---|---|
11 Bedroom | 6 | 8 | +33.3% |
22 Bedrooms | 46 | 54 | +17.4% |
33 Bedrooms | 189 | 213 | +12.7% |
44 Bedrooms | 88 | 112 | +27.3% |
55+ Bedrooms | 26 | 27 | +3.8% |
Summary: Gresham housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +33.3%. The inventory for 2 bedroom homes increased by +17.4%. The inventory for 3 bedroom homes increased by +12.7%. The inventory for 4 bedroom homes increased by +27.3%. The inventory for 5 bedroom homes increased by +3.8%.
Asking Price vs. Sold Price
How much do homes in Gresham, OR cost?
Over Asking Price25 Homes
At Asking Price22 Homes
Under Asking Price21 Homes
If you're buying a home in Gresham, you could pay more than the asking price. 36.8% of homes here sold above asking price last month.
Summary: A total of 69 homes were sold or pending in Gresham in May 2025, down by 9.2% month-over-month. Of the 68 sold homes, 31% were sold under asking, 32% were sold at asking, and and 37% were sold over asking.
Days on Market for Gresham, OR
How long does it take to sell a home in Gresham, OR?
Breakdown of Home Sale Times
Under 30 Days46 Homes
30 – 90 Days7 Homes
Over 90 Days16 Homes
Many homes in Gresham are selling fast, if you're buying plan to act quickly.
Summary: During May 2025, 69 homes were sold in Gresham; 67% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.
Average Sale Time
This Year | 1 year ago | Change YoY |
---|---|---|
56 DaysThis YearMay 2025 | ||
36 Days1 year agoMay 2024 | +54.5 % Change YoYMay 2024 – May 2025 |
Summary: Homes in Gresham had an average listing age of 56 days in May 2025, up by 54.5% compared to the previous year.
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Newest Listings in Gresham, OR
What homes are available in Gresham, OR?
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MLS Disclaimers and Copyright
Based on information from Regional Multiple Listing Service, for the period 06/01/2023 - 06/01/2025

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/8/2025, 4:37:43 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.