Cedar-Riverside housing market, May 2026
Past report · Minneapolis Area REALTORS® Local Market Update · current as of June 5, 2026. See the newest report (September 2026)
- Median sale price$148K−42.9% vs. May 2025
- Homes sold2+100.0% vs. May 2025
- Days on market230May 2026
- Months of supply4.3end of May 2026
The short version
Cedar-Riverside in May 2026
In May 2026, 2 homes sold in Cedar-Riverside, against 1 in May 2025.
The median sale price was $148,450, down 42.9% from a year earlier, and homes spent 230 days on market, with sellers receiving 94.3% of their original list price.
The month ended with 9 homes for sale, 4.3 months of supply.
Over the 12 months through May 2026, the median was $122,500 (down 26.8%) across 18 sales.
Only 2 homes sold here in May 2026, so this month's numbers can swing a lot. The 12-month figures are steadier.
Single months can swing when few homes sell.
Show as a table
| Year | Median price |
|---|---|
| Oct 2024 | $108,000 |
| Dec 2024 | $267,500 |
| Mar 2025 | $82,500 |
| May 2025 | $260,000 |
| Jun 2025 | $191,400 |
| Jul 2025 | $60,000 |
| Sep 2025 | $107,500 |
| Oct 2025 | $525,000 |
| Nov 2025 | $192,500 |
| Jan 2026 | $120,000 |
| Apr 2026 | $116,250 |
| May 2026 | $148,450 |
All the numbers
Cedar-Riverside, May 2026 vs. May 2025
| May 2026 | 12 months through May 2026 | |||||
|---|---|---|---|---|---|---|
| Measure | Year before | This year | Change | Year before | This year | Change |
| Median sale price | $260,000 | $148,450 | −42.9% | $167,450 | $122,500 | −26.8% |
| Average sale price | $260,000 | $148,450 | −42.9% | $166,490 | $166,483 | 0.0% |
| Price per square foot | $245 | $140 | −43.0% | $153 | $123 | −19.6% |
| Closed sales | 1 | 2 | +100.0% | 10 | 18 | +80.0% |
| New listings | 4 | 2 | −50.0% | 27 | 27 | 0.0% |
| Days on market | 44 | 230 | +422.7% | 122 | 186 | +52.5% |
| % of original list price received | 92.9% | 94.3% | +1.5% | 86% | 87.7% | +2.0% |
| Homes for sale (end of month) | 16 | 9 | −43.8% | — | — | — |
| Months of supply | 12 | 4.3 | −64.2% | — | — | — |
| Twin Cities region, median price | $395,000 | $399,000 | +1.0% | $385,000 | $390,000 | +1.3% |
Source: Minneapolis Area REALTORS® Local Market Update, Cedar-Riverside, May 2026. Data from NorthstarMLS; produced by ShowingTime Plus, LLC; current as of June 5, 2026. Does not account for seller concessions. Activity for one month can sometimes look extreme due to small sample size.
Quick answers
Cedar-Riverside in May 2026: questions
What was the median home price in Cedar-Riverside, Minneapolis in May 2026?
$148,450, from 2 sales (down 42.9% from May 2025), according to the Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data). With so few sales, a single month can swing a lot; the 12-month median was $122,500.
How many homes sold in Cedar-Riverside, Minneapolis in May 2026?
2, against 1 in May 2025. 2 new listings came on the market that month.
Was Cedar-Riverside a buyer's or seller's market in May 2026?
Cedar-Riverside ended May 2026 with 4.3 months of supply (9 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.
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