Downtown East 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$468K−21.8% vs. May 2025
- Homes sold4−71.4% vs. May 2025
- Days on market59May 2026
- Months of supply9.5end of May 2026
The short version
Downtown East in May 2026
In May 2026, 4 homes sold in Downtown East, against 14 in May 2025.
The median sale price was $467,500, down 21.8% from a year earlier, and homes spent 59 days on market, with sellers receiving 97.9% of their original list price.
The month ended with 52 homes for sale, 9.5 months of supply (a buyer’s market by the usual measure).
Over the 12 months through May 2026, the median was $672,500 (down 6.6%) across 65 sales.
Only 4 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 | $613,750 |
| Nov 2024 | $683,113 |
| Dec 2024 | $1,013,000 |
| Jan 2025 | $1,195,000 |
| Feb 2025 | $1,580,000 |
| Mar 2025 | $555,000 |
| Apr 2025 | $667,500 |
| May 2025 | $597,500 |
| Jun 2025 | $578,750 |
| Jul 2025 | $712,500 |
| Aug 2025 | $758,750 |
| Sep 2025 | $707,500 |
| Oct 2025 | $1,017,500 |
| Nov 2025 | $480,000 |
| Dec 2025 | $1,000,000 |
| Jan 2026 | $635,000 |
| Feb 2026 | $1,645,000 |
| Mar 2026 | $435,000 |
| Apr 2026 | $607,500 |
| May 2026 | $467,500 |
All the numbers
Downtown East, 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 | $597,500 | $467,500 | −21.8% | $720,000 | $672,500 | −6.6% |
| Average sale price | $735,989 | $449,750 | −38.9% | $883,884 | $809,067 | −8.5% |
| Price per square foot | $467 | $387 | −17.1% | $462 | $474 | +2.5% |
| Closed sales | 14 | 4 | −71.4% | 87 | 65 | −25.3% |
| New listings | 17 | 15 | −11.8% | 128 | 142 | +10.9% |
| Days on market | 79 | 59 | −25.3% | 103 | 102 | −1.0% |
| % of original list price received | 99% | 97.9% | −1.1% | 95.9% | 96.8% | +0.9% |
| Homes for sale (end of month) | 29 | 52 | +79.3% | — | — | — |
| Months of supply | 4 | 9.5 | +137.5% | — | — | — |
| Twin Cities region, median price | $395,000 | $399,000 | +1.0% | $385,000 | $390,000 | +1.3% |
Source: Minneapolis Area REALTORS® Local Market Update, Downtown East, 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
Downtown East in May 2026: questions
What was the median home price in Downtown East, Minneapolis in May 2026?
$467,500, from 4 sales (down 21.8% 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 $672,500.
How many homes sold in Downtown East, Minneapolis in May 2026?
4, against 14 in May 2025. 15 new listings came on the market that month.
Was Downtown East a buyer's or seller's market in May 2026?
Downtown East ended May 2026 with 9.5 months of supply (52 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.
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