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Market Intelligence · OR / Multnomah County

Gresham, OR home prices and housing market

2 ZIP markets liveData updated September 2026Typical value$471K1-yr changeDown0.6%

The typical home value in Gresham, OR is $471K as of September 2026, down 0.6% from a year ago, based on the Zillow Home Value Index. In the typical Gresham ZIP code, the median list price is $480K and homes spend a median of 60 days on market as of September 2026 (Realtor.com).

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The coverage

Gresham, by the numbers.

Typical home valueZillow ZHVI, September 2026
$471K
1-yr changeMedian across Gresham ZIPs
-0.6%
ZIP markets live
2
County
Multnomah County

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12-month value trend

-0.6% over 12 months

Typical home value in Gresham over the last 12 months: $473K in Sep 2025 to $471K in Sep 2026 (-0.6%).

Sep 2025$473K

Sep 2026$471K

Median Zillow home value index across Gresham's ZIP codes.

Context

Gresham's housing market is moving at a measured pace. The typical home value stands at $470,747, down 0.6% over the past year as of September 2026. There are 233 homes for sale with a median list price of $479,780. Homes are staying on the market for a median of 60 days, and 28.8% of current listings have seen a price cut. If you're considering selling, the market suggests cautious timing, with inventory steady but buyer interest selective.

The numbers

What is the housing market like in Gresham, OR?

Typical home value

$471K

Down0.6%YoY

Median list price

$480K

Days on market

60

Homes for sale

233

Price cuts

28.8%

New listings

90

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026)

Figures reflect Gresham's ZIP codes with market data: values and listing medians take the median across ZIPs; inventory and new listings are summed.

Prices over time

Gresham, OR home prices over time

Typical home values in Gresham, OR are down 0.6% over the past year, from $473K in September 2025 to $471K in September 2026.

Typical home value in Gresham, OR, September of each year
MonthTypical value1-yr change
September 2026$470,747-0.6%
September 2025$473,368No prior year

Typical value is the median Zillow Home Value Index across Gresham ZIP codes, taken in September of each year so every row compares the same month.

Market balance

Is Gresham, OR a buyer's or seller's market?

Gresham, OR leans toward a buyer's market.

Homes are taking longer to sell and a large share of listings have cut their asking price, which gives buyers more room to negotiate.

Based on a median of 60 days on market and 29% of listings with a price cut in the typical Gresham ZIP code, and 90 new listings against 233 active listings across Gresham, as of September 2026 (Realtor.com).

The outlook

Gresham housing market forecast 2027

-0.3%

Weighted average of Zillow's ZIP forecasts, 12 months to September 2027

A weighted average of Zillow's ZIP forecasts, across 2 Gresham ZIP codes, points to typical home values holding roughly flat by September 2027 (down 0.3%).

Over the 12 months through September 2026, typical home values in Gresham fell 0.6%, per the Zillow Home Value Index.

Will home prices drop in Gresham?

Not by much, on the forecasts: a weighted average of Zillow's ZIP forecasts for Gresham shows typical home values holding roughly flat by September 2027 (down 0.3%), after a 0.6% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 2 Gresham ZIP codes have both figures.

Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.

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Live markets

What ZIP codes are live in Gresham?

Typical value is the Zillow home value index (ZHVI) for each ZIP, as of September 2026. 1-yr change compares it to the same ZIP a year earlier.

Zillow ZHVI, September 2026

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Common questions

Questions about Gresham, OR home prices.

What is a typical home worth in Gresham?

As of September 2026, the typical home value in Gresham is $470,747. This represents a decline of 0.6% over the past year.

How many homes are currently for sale in Gresham?

There are 233 homes for sale in Gresham as of September 2026, with 90 new listings added recently.

How long do homes typically stay on the market in Gresham?

The median days on market is 60 as of September 2026. Additionally, 28.8% of current listings have had a price reduction.

Are home prices going up or down in Gresham, OR?

Typical home values in Gresham, OR are down 0.6% over the past year, based on the Zillow Home Value Index as of September 2026.

Is Gresham, OR a buyer's or seller's market?

Gresham, OR leans toward a buyer's market. Homes are taking longer to sell and a large share of listings have cut their asking price, which gives buyers more room to negotiate. Based on a median of 60 days on market and 29% of listings with a price cut in the typical Gresham ZIP code, and 90 new listings against 233 active listings across Gresham, as of September 2026 (Realtor.com).

Nearby markets

More Oregon housing markets.

The market is moving

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