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  • Writer's pictureSheryl Lyons

NAVIGATING HOME VALUES IN GRESHAM, OREGON: $411k to $450k🏡📉

Updated: Dec 16, 2023




After annual increases from 2020 to 2022, Gresham's November median home values have decreased by (2%) during the last year and are currently $450k.


The Housing Market has been rocking and rolling for the previous few years in Portland, Oregon, and the surrounding cities of Hillsboro, Beaverton, Tigard, Lake Oswego, Milwaukie, Happy Valley, and Gresham, and negative or smaller appreciation is the equivalent of steadying the ship or bringing home values back within the appropriate growth ranges.


The average annual appreciation, or home value growth, should be approximately 4% to 6%. An annual appreciation of 18% is not the norm or sustainable, and negative or slower growth brings the average appreciation back within the benchmark. Anything above 4% to 6% is a fantastic gift but should not be expected or missed during a short-term market fluctuation. Real estate is a long-term investment; these highs and lows average over the years. When looking at the 5-year, 10-year, or 20-year annual appreciation graphs, the numbers average around the 4% to 6% benchmark.


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Gresham Home Values - November 2020 to November 2023


Home Values Map - YTD Nov 2023 - Portland, OR and surrounding cities

Annual Home Value Growth Map - 2023 - Portland, OR and surrounding cities

Annual Home Value Growth Map - 2019 to 2023 - Portland, OR and surrounding cities

Annual Home Value Growth Map - 2013 to 2023 - Portland, OR and surrounding cities

Annual Home Value Growth Map - 2003 to 2023 - Portland, OR and surrounding cities

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