What are current home values in Gresham, OR?

The median home value in Gresham, OR is $464,687 as of August 2026. This represents a 0.1% increase compared to last month and a 0.5% decrease year-over-year.

How have home values changed in Gresham, OR?

Home values in Gresham, OR have increased by 0.1% month-over-month and 0.5% year-over-year.

How do home values in Gresham, OR compare to Multnomah County, Oregon, and the national average?

The median home value in Gresham, OR ($464,687) compares to: Multnomah County ($499,598), Oregon ($496,113), and the U.S. national median ($368,697).

Gresham, OR Housing Market

$464,687

0.5% 1-yr

The average Gresham, OR home value is $464,687, down 0.5% over the past year, and homes go to pending in around 20 days. (Updated on 8/31/2026)

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Gresham Key Takeaways

Typical Home Values: $464,687

1-Year Value Change: -0.5%

(Data through August 31, 2026)

Gresham Housing Market Overview

1-Year Market Forecast: --

For Sale Inventory: 354 (August 31, 2026)

New Listings: 114 (August 31, 2026)

Median Sale to List Ratio: 1.000 (July 31, 2026)

Median Sale Price: $459,133 (July 31, 2026)

Median List Price: $491,967 (August 31, 2026)

Percent of Sales Over List Price: 40.0% (July 31, 2026)

Percent of Sales Under List Price: 36.7% (July 31, 2026)

Median Days to Pending: 20 (August 31, 2026)

(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Gresham

NameMedian ZHVI
Historic Southeast$422,067
Central City$352,510
Mount Hood$460,021
Powell Valley$443,867
Gresham Butte$574,059
Northeast$338,040
Northwest$466,588
Hollybrook$450,376
North Central$441,313

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Gresham Homes for Sale

$24,800

1 bd1 ba320 sqft

16415 SE Stark St Unit 5

$310,000

3 bd2 ba1,352 sqft

900 NE Francis Ave Unit 32

$719,800

- bd- ba2,018 sqft

4063 SW McKinley St

View Gresham listings

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Gresham Rental Market Trends

Average Rent: $1,617 (August 31, 2026)

National Average Rent: $1,948 (August 31, 2026)

Month-Over-Month Change: -0.3% (August 31, 2026)

Year-Over-Year Change: -0.9% (August 31, 2026)

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.