Inventory has been building in Forest Grove over the latest rolling three-month period, with active listings up sharply year over year and now at 31 homes. Contract activity is also strong, as homes sold have risen compared with a year ago and pending sales are higher as well. Even with this increase in options, months of supply sits at just 1.2, reinforcing a clear seller’s market.
Pricing has pushed upward alongside this activity. The typical home value over the rolling three-month window has climbed nearly 9% from a year ago to about $550,000, outpacing the broader Worcester city median of roughly $475,000. List prices have trended lower year over year, suggesting sellers may be pricing more strategically even as the values buyers ultimately pay continue to rise.
Homes are taking longer to sell than they did a year ago, with the median days on market now at 32, yet more than half of listings still go under contract within two weeks. About 42% of recent sales closed above the asking price and the average sale-to-list ratio is essentially at full list, showing buyers are still willing to pay close to what sellers are asking. With low supply, rising values, and active contract flow shaping Forest Grove, both buyers and sellers can benefit from Agent Pronto’s help in finding an agent who understands these trends.
