Each month, we provide Portland Suburb Real Estate Market Reports to analyze Portland suburb real estate activity to help buyers and sellers make informed real estate decisions. This month, we’re focusing on Gresham, Oregon, one of Portland’s largest suburbs, just 16 miles east of downtown.
Known for its easy access via the MAX Light Rail, Gresham is more than just a pass-through city on the way to Mt. Hood or the Columbia River Gorge. With beautiful outdoor spaces like Oxbow Regional Park and Gresham’s Japanese Garden and a lively downtown scene, the city attracts homebuyers searching for a mix of urban convenience and natural beauty.
As the fourth-largest city in Oregon, Gresham offers a range of real estate options, from suburban neighborhoods to new developments. With a steady influx of buyers, local restaurants, breweries like Mad Cow Brewing Company and The Hoppy Brewer, and an evolving real estate market, Gresham is a key area to watch.
In this report, we break down the latest real estate data, comparing them to past years to highlight key shifts. We’ll also provide a forecast for 2025 to help buyers and sellers understand what to expect in the coming months.
Gresham, Oregon Housing Inventory Lower Than Recent Years
As you can see on the below chart from Fidelity, as of March 2025, Gresham’s housing inventory stands at 70 active listings, a continued decline since September. Historically, inventory in Gresham rises in the summer and declines through the fall and winter, but this year’s levels are lower than those seen in both 2023 and 2022, a shift away from Portland’s recent trend of increases in inventory year over year.
Gresham, Oregon Inventory Chart, Courtesy of Fidelity National Title
The current shortage means buyers have fewer options, benefiting sellers. And if the trend continues into the peak spring season, it could create a more competitive market for buyers, particularly if new listings don’t pick up as expected.
Gresham, Oregon Real Estate Prices Remain Stable Year Over Year
As of March 2025, the median price per square foot in Gresham is $277. Consistent with Portland overall, prices have remained relatively steady in recent months, showing only minor fluctuations since late 2024. However, the year-over-year price per square foot is higher than in 2023, reflecting continued stability in home values.
Gresham, Oregon Price per Sq. Ft Chart. Courtesy of Fidelity National Title
Historically, home prices in Gresham tend to level out during the winter months before increasing in the spring and summer. If inventory remains low heading into the peak selling season, prices could increase as buyers compete for fewer available homes. However, other economic factors like interest rates will also play a role in shaping pricing trends.
Gresham, Oregon Homes Are Spending More Time on the Market
As of March 2025, the average days on market (DOM) in Gresham is 127 days, with a median of 60 days. This is an increase from recent months and higher than the Portland total of 107 days, suggesting that homes are taking longer to sell in Gresham. The trend has increased over the last few years, marking a shift from Portland which has remained relatively stable. This figure should drop as we enter the hotter 2025 spring and summer months.
Gresham, Oregon Average Days on the Market Chart. Courtesy of Fidelity National Title
Historically, homes tend to stay on the market longer during winter, with faster selling beginning in spring. However, current extended market times may reflect more cautious buyers. If buyer activity picks up in the coming months, we may see a decline in market times, but for now, sellers should prepare for longer listing periods and remain flexible in pricing to either capitalize on lower inventory or attract buyers.
Gresham, Oregon Homes for Sale
Browse all Gresham homes for sale using the interactive map on Portlandhomesforsale.com.
Gresham, Oregon 2026 Real Estate Forecast
Looking ahead, Gresham’s real estate market is likely to remain competitive through 2026, particularly if inventory stays low. Historically, spring and summer bring increased buyer activity, which could lead to faster sales and possible price increases.
Much of the market’s direction into 2026 will depend on economic conditions, especially interest rates. If the rates decline, buyer demand will increase, leading to a more active market. If rates remain elevated, we may see a continuation of the current trends. Either way, buyers and sellers should be prepared to adjust strategies.
We expect Gresham to experience 2% appreciation moving toward 2026, but if rates drop significantly that number would likely rise.
Ready to Buy or Sell a Home in Gresham, Oregon?
Whether you are looking to buy or sell a home in Gresham, we would love to be a part of your success story. Our experienced top 1% buyer’s agents are experts at negotiating on behalf of our clients, and our top 1% seller’s agents will employ our optimized marketing strategy to give your home the most exposure for the fastest, most rewarding selling experience—not to mention, we charge less than most. We have extensive experience in Gresham real estate, with over 2,000 homes sold overall.
Give us a call at 503-714-1111 or chat with the bot on this site. We’d love to connect today!
