McMinnville Housing Update: Prices Ease as City Advances Major Development Plans
McMinnville, OR – March 11, 2026 – Home prices have cooled year over year while city leaders advance large mixed-use and area planning efforts.
Home prices in McMinnville are trending lower year over year even as the city moves ahead with long-range housing and mixed-use planning.
Top takeaways
- Median sale price was $460K in January 2026, down 8.5% from a year earlier.
- City Council adopted a 190-acre McMinnville Landing overlay in January.
- Southwest Area Plan concepts were presented at a January open house.
Market snapshot
According to Redfin data, the median home price in January 2026 was $460K, representing an 8.5% decline compared with January 2025. The shift suggests buyers are seeing modest relief from peak pricing, though inventory and days-on-market trends remain key factors to watch heading into spring.
Lot and middle-housing opportunities continue to surface. A recently marketed residential land parcel highlights zoning that allows duplexes, triplexes, cottage clusters, townhomes and ADUs, reflecting Oregon’s broader push for missing-middle housing types.
Development & planning
On January 14, 2026, City Council adopted an overlay for McMinnville Landing, a roughly 190-acre area guided by a planned development framework. The overlay is designed to preserve industrial zoning while allowing mixed uses under specific standards for design, transportation and utilities.
The city is also advancing its Southwest Area Plan. An open house in late January 2026 presented three preliminary development concepts as part of long-range planning tied to housing needs, buildable lands and potential future annexation areas.
Planning Commission materials published in early March show continued work on zoning district requirements and development overlays, signaling more policy discussions ahead this year.
What to watch
- Spring listing activity and whether price softening stabilizes.
- How the McMinnville Landing overlay translates into permit applications.
Are you seeing more price reductions, multiple-offer situations, or steady demand in your neighborhood?
Sources
https://www.redfin.com/city/11457/OR/McMinnville/housing-market
https://citizenportal.ai/articles/7284246/McMinnVille/Yamhill-County/Oregon/Council-adopts-McMinnville-Landing-overlay-to-guide-190acre-mixeduse-campus
https://www.mcminnvilleoregon.gov/cd/page/southwest-area-plan
https://www.mcminnvilleoregon.gov/sites/default/files/fileattachments/planning_commission/meeting/packets/26584/00_-_pc_3-5-2026_agenda_and_meeting_material.pdf
https://www.compass.com/listing/718-southwest-cedarwood-avenue-mcminnville-or-97128/1908984633270228777/