Market Intelligence · OR / Mcminnville

Mcminnville, OR 97128 Housing Market

The typical home value in McMinnville, OR 97128 is $479,018, down 1.1% over the past year. The median list price stands at $560,000, with homes spending a median of 86 days on market as of September 2026.

Updated September 2026Median value$479K

The median home value in Mcminnville, OR 97128 is $479K as of September 2026, down 1.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 97128 range

$441K to $517K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.1% over 12 months

Sep 2025$484K

Low $479KHigh $486K

Sep 2026$479K

The numbers

What is the 97128 housing market like?

As of September 2026

Typical home value

$479K

1.1%YoY

Median list price

$560K

0.9%MoM

Days on market

19.4%MoM

Homes for sale

138

1.4%MoM

Price cuts

33.3%

8.3%MoM

New listings

75.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

97128 housing market forecast 2027

-0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 97128 to stay roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in 97128 fell 1.1%, per the Zillow Home Value Index.

Will home prices drop in 97128?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 97128 to stay roughly flat by September 2027 (down 0.1%), after a 1.1% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 97128 home prices compare?

97128$479,018
Mcminnville$479,018
Oregon$456,438
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Mcminnville: 1 ZIP; Oregon: 339 ZIPs; United States: 26,262 ZIPs).

Context

McMinnville's market shows signs of softening. There are 138 homes for sale, with 42 new listings added in September 2026 alone. The median time to sale of 86 days indicates that homes are taking longer to move than in a faster market. A concerning signal is that 33.3% of listings have already seen a price cut. For sellers, this means pricing realistically from day one matters more than ever.

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Down payment20% · $95,804

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Common questions

What people ask us.

What is the typical home value in McMinnville, OR 97128?

The typical home value is $479,018 as of September 2026, down 1.1% over the past year.

How long do homes typically stay on the market here?

The median days on market is 86 as of September 2026.

What is the median list price in McMinnville?

The median list price is $560,000 as of September 2026.

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Nearby ZIP markets.

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