Is Mill City, OR 97360 a buyer’s or seller’s market?
Mill City is a seller’s market. With about 2.9 months of supply and 20% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Mill City housing market right now
In the three months ending August 31, 2026, 20% of homes in Mill City, OR 97360 sold above their list price, the typical home went under contract in 75 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 17%, homes sold faster (102 days then) and the median sale price rose 7% to $357,845. Overall, Mill City is more competitive than a year ago, so tougher for buyers.
Within Linn County, homes here sell more slowly than in 58% of the county’s ZIP codes, and sell less often over asking than in 62%.
Nearby, buyers who want less competition could look at Idanha 97350 (0% sold over asking) or Foster 97345 (0% sold over asking), while Halsey 97348 (67% sold over asking) and Tangent 97389 (67% sold over asking) are even more competitive.
Run the numbers for 97360
Nearby markets
Albany 97321Seller’s market $267 /sq ftAlbany 97322Seller’s market $280 /sq ftBrownsville 97327Balanced $241 /sq ftCascadia 97329 — /sq ft Browse all markets →Towns like Mill City nearby
Find towns like Mill City in other states →Where Mill City is
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Questions about Mill City real estate
Is Mill City a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Mill City, OR 97360 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Mill City?
The typical home went under contract in 75 days in the latest three months.
Do homes in Mill City sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.
What are property taxes in Mill City?
About 0.87% of a home’s value a year in Linn County, or roughly $3,480 on a $400,000 home.
What is the median home price in Mill City?
The median sale price was $357,845 in the three months ending August 31, 2026, about $278 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology