$5,344 Closing Credit*
$450,000
1,368 SqFt
3 Beds
•2 Full Baths
Mary Baker, Alan Baker, Listing Office: Baker Real Estate
Is McMinnville, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, McMinnville has remained a Seller's Market.
Key Takeaway
McMinnville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McMinnville, OR
How much do homes in McMinnville, OR cost?
Median Sold Price
$487,993
$288/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$8,993(+1.9%)
Key Takeaway
Homes in McMinnville have sold for 1.9% more than they did a year ago.
Summary: The median home sold price in McMinnville was $487,993 in October 2024, up 1.9% from last year, and the median price per square foot was $288.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $444K | $325K | -26.8% |
| 2 Bedrooms | $389.4K | $381K | -2.2% |
| 3 Bedrooms | $455K | $455.6K | 0.1% |
| 4 Bedrooms | $557.9K | $556.9K | -0.2% |
| 5+ Bedrooms | $590K | $630K | +6.8% |
Summary: McMinnville housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 26.8%, 2 bedroom homes decreased by 2.2%, 3 bedroom homes increased by 0.1%, 4 bedroom homes decreased by 0.2%, and 5+ bedroom homes increased by 6.8%.
Median Sold Price Compared To Nearby Cities
| McMinnville | $479K | $487.9K | +1.9% |
| Dayton-Amity | $465K | $466K | 0.2% |
Housing Supply in McMinnville, OR
How many homes are available in McMinnville, OR?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 144 | 144 | 0.0% |
Summary: The McMinnville real estate market had 144 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 12 | +20.0% |
| 3 Bedrooms | 73 | 70 | -4.1% |
| 4 Bedrooms | 42 | 45 | +7.1% |
| 5+ Bedrooms | 19 | 17 | -10.5% |
Summary: The McMinnville housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes decreased by 10.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 30 | 35 | +16.7% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McMinnville, you may be able to get a good deal. 42.9% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in McMinnville in October 2024, up by 16.7% month-over-month. Of the 35 sold homes, 43% were sold under asking, 29% were sold at asking, and 29% were sold over asking.
Days on Market for McMinnville, OR
How long does it take to sell a home in McMinnville, OR?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 36 Days | 44 Days | +22.4% |
Summary: Homes in McMinnville had an average of 44 days on market in Oct 2024, up by 22.4% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McMinnville are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 35 homes were sold in McMinnville; 57% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.
The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by another brokerage firm are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2024 Regional Multiple Listing Service, Inc. (RMLS™) Portland, Oregon.