Is Mcminnville, OR 97128 a buyer’s or seller’s market?

The Mcminnville housing market right now

In the three months ending August 31, 2026, 19% of homes in Mcminnville, OR 97128 sold above their list price, the typical home went under contract in 22 days and there were 3.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 128 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (28 days then) and the median sale price fell 9% to $469,797. Overall, Mcminnville is more competitive than a year ago, so tougher for buyers.

Within Yamhill County, homes here sell faster than in 89% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Mcminnville ranks #63 of 170 OR ZIP codes with enough sales (score 56 out of 100).

Nearby, buyers who want less competition could look at Yamhill 97148 (0% sold over asking) or Lafayette 97127 (7% sold over asking), while Sheridan 97378 (36% sold over asking) and Dundee 97115 (29% sold over asking) are even more competitive.