First American Market Report

Mcminnville, OR

Single-Family Homes

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Mcminnville, OR

Tue Oct 15 2024
This week the median list price for Mcminnville, OR is $599,900 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 75. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Mcminnville, OR

Tue Oct 15 2024
This week the median list price for Mcminnville, OR is $599,900 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 75. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Mcminnville market.
Median List Price $599,900
Median Price of New Listings $689,950
Per Square Foot $301
Average Days on Market 82
Median Days on Market 63
Price Decreased 60%
Price Increased 1%
Relisted 11%
Inventory 75
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 2,994 5 - 10 acres 4 3 23 1 1 87
$759,000 2,642 0.25 - 0.5 acre 4 2.5 21 5 1 49
$535,000 1,962 6,500 - 8,000 sqft 4 2.5 22 0 0 56
$479,000 1,562 6,500 - 8,000 sqft 3 2 48 4 2 49