First American Market Report

Mcminnville, OR

Single-Family Homes

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Mcminnville, OR

Sat Dec 21 2024
This week the median list price for Mcminnville, OR is $574,950 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has decreased to 60. Click here to stay informed with the Mcminnville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Mcminnville, OR

Sat Dec 21 2024
This week the median list price for Mcminnville, OR is $574,950 with the market action index hovering around 38. This is an increase over last month's market action index of 37. Inventory has decreased to 60. Click here to stay informed with the Mcminnville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

Market Narrative

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Mcminnville market.
Median List Price $574,950
Median Price of New Listings $499,900
Per Square Foot $301
Average Days on Market 101
Median Days on Market 70
Price Decreased 47%
Price Increased 0%
Relisted 7%
Inventory 60
Median Rent
Market Action 38
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$995,000 2,979 2.5 - 5 acres 4 3 28 0 2 105
$699,000 2,489 8,000 - 10,000 sqft 4 2.5 20 1 0 77
$535,000 1,954 6,500 - 8,000 sqft 4 2.5 20 4 3 49
$459,900 1,516 4,500 - 6,500 sqft 3 2.5 25 2 2 35