Market Intelligence · OR / Mcminnville

Mcminnville, OR 97128 Housing Market

The typical home value in McMinnville's 97128 ZIP is $488,522, down 1.3% over the past year. The median list price stands at $555,000, with homes taking a median 72 days to sell.

Updated August 2026Median value$480K

The median home value in Mcminnville, OR 97128 is $480K as of August 2026, down 1.2% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 97128 range

$441K to $518K

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

-1.2% over 12 months

Typical home value in 97128 over the last 12 months: $485K in Aug 2025 to $480K in Aug 2026 (-1.2%).

Aug 2025$485K

Aug 2026$480K

The numbers

What is the 97128 housing market like?

Typical home value

$480K

Down1.2%YoY

Median list price

$555K

Down3.4%MoM

Days on market

72

Up20.0%MoM

Homes for sale

140

Down2.8%MoM

Price cuts

36.4%

Down3.5%MoM

New listings

24

Down50.0%MoM

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

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The comparison

How do 97128 home prices compare?

  • 97128$479,766
  • Mcminnville$479,766
  • Oregon$458,140
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Mcminnville: 1 ZIPs; Oregon: 339 ZIPs; United States: 26,265 ZIPs).

Context

McMinnville's market shows 140 homes for sale as of August 2026, with 24 new listings added recently. The median time on market of 72 days reflects a measured pace. A notable sign of pressure: 36.4% of all listings have seen price reductions. The typical home value decline over the past year suggests sellers should have realistic expectations about where the market is now.

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