Published November 1, 2026 in Market Update

Forest Grove moves faster even with prices down a bit

By Tony Apa

Real estate, Forest Grove

Here is the one thing that matters most for Forest Grove homeowners right now. The Real Estate Data Aggregator counted 98 homes sold in ZIP 97116 in the three months ending August 31, 2026. That is up 22.5% from the same three months in 2025. More buyers showed up, even as prices slipped a little. Price your home right and prep it well. That is where the work is.

Prices dipped, but buyers did not leave

The Real Estate Data Aggregator put the median sale price in ZIP 97116 at $520,000 for the three months ending August 31, 2026. That is down 2.8% from the same period in 2025. Not a collapse. A small step back. The Federal Housing Finance Agency reported U.S. house prices rose 2.4% from August 2025 to August 2026. Forest Grove moved a different direction. Even so, buyers kept coming.

Homes are selling faster

The Real Estate Data Aggregator shows the median home in ZIP 97116 sat on the market 30 days in the three months ending August 31, 2026. That is 33 days shorter than the same stretch a year ago. One in three homes, exactly 33%, went under contract within two weeks of listing. That share is up 16.9 points from a year ago. Sellers who priced well did not wait long.

Supply dropped, and that kept buyers competing

The Real Estate Data Aggregator counted 98 homes for sale in ZIP 97116 during the three months ending August 31, 2026. That is down 33.3% from a year ago. Months of supply fell to 3.1, down 2.5 months from the year before. Fewer homes to choose from means buyers move on the ones that are priced and prepped well. The average sale closed at 99.7% of list price, up 0.1 points from a year ago.

One broader note on rates

Realtor.com reported mortgage rates climbed above 7% for the first time since January 2025. That is a real headwind for buyers everywhere. Even so, Forest Grove's pending sales count reached 100 in the three months ending August 31, 2026, up 14.9% from the same period a year ago, according to the Real Estate Data Aggregator. Buyers here kept moving.

These numbers cover all of ZIP 97116. One street can read very differently from the whole ZIP code. If you want to know what the numbers look like closer to your front door, send me a note.