37110
Mcminnville, Tennessee

McMinnville's 37110 ZIP code reports a median sale price of $272,500 as of February 2026, down 6.7% year-over-year in a market showing clear cooling signals. Properties average 88 days on market, well above the typical 30-45 day range seen in balanced conditions. Only 15% of homes are selling above list price, indicating buyers have regained negotiating leverage after the post-pandemic seller's market. This deceleration places the area in line with broader Tennessee secondary markets experiencing price corrections.

Current conditions favor patient buyers with financing secured and sellers who purchased before 2021. The 88-day marketing period gives buyers time for thorough due diligence without bidding pressure, while the 15% above-ask rate means most transactions close at or below list price. Investors seeking cash-flow properties may find improved entry points given the 6.7% price decline, though they must underwrite conservatively given the PropIQ score of 56. Sellers who need to transact should price 3-5% below recent comps to avoid extending beyond the 88-day average.

The PropIQ score of 56 signals caution rather than crisis, suggesting stabilization rather than freefall, but continued weakness remains probable through mid-2026. Buyers should monitor whether days-on-market extends beyond 100, which would indicate oversupply conditions and further price concessions. The lack of multiple offers and modest above-ask percentage suggests demand has not disappeared but reset to pre-2020 norms. Watch for inventory levels and local employment data as leading indicators of whether this market finds a floor near current pricing.