Downtown East housing market, August 2026
Past report · Minneapolis Area REALTORS® Local Market Update · current as of September 8, 2026. See the newest report (September 2026)
- Median sale price$584K−23.1% vs. August 2025
- Homes sold11+83.3% vs. August 2025
- Days on market91August 2026
- Months of supply5.9end of August 2026
The short version
Downtown East in August 2026
In August 2026, 11 homes sold in Downtown East, against 6 in August 2025.
The median sale price was $583,500, down 23.1% from a year earlier, and homes spent 91 days on market, with sellers receiving 94.7% of their original list price.
The month ended with 44 homes for sale, 5.9 months of supply.
Over the 12 months through August 2026, the median was $637,500 (down 8.9%) across 86 sales.
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 |
| Jun 2026 | $590,000 |
| Jul 2026 | $725,000 |
| Aug 2026 | $583,500 |
All the numbers
Downtown East, August 2026 vs. August 2025
| August 2026 | 12 months through August 2026 | |||||
|---|---|---|---|---|---|---|
| Measure | Year before | This year | Change | Year before | This year | Change |
| Median sale price | $758,750 | $583,500 | −23.1% | $700,000 | $637,500 | −8.9% |
| Average sale price | $790,750 | $895,855 | +13.3% | $843,189 | $901,101 | +6.9% |
| Price per square foot | $477 | $457 | −4.0% | $461 | $487 | +5.6% |
| Closed sales | 6 | 11 | +83.3% | 80 | 86 | +7.5% |
| New listings | 10 | 15 | +50.0% | 127 | 157 | +23.6% |
| Days on market | 68 | 91 | +33.8% | 101 | 107 | +5.9% |
| % of original list price received | 97.3% | 94.7% | −2.7% | 96.3% | 95.8% | −0.5% |
| Homes for sale (end of month) | 33 | 44 | +33.3% | — | — | — |
| Months of supply | 5 | 5.9 | +18.0% | — | — | — |
| Twin Cities region, median price | $400,000 | $405,000 | +1.3% | $389,000 | $395,000 | +1.5% |
Source: Minneapolis Area REALTORS® Local Market Update, Downtown East, August 2026. Data from NorthstarMLS; produced by ShowingTime Plus, LLC; current as of September 8, 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 August 2026: questions
What was the median home price in Downtown East, Minneapolis in August 2026?
$583,500, from 11 sales (down 23.1% from August 2025), according to the Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
How many homes sold in Downtown East, Minneapolis in August 2026?
11, against 6 in August 2025. 15 new listings came on the market that month.
Was Downtown East a buyer's or seller's market in August 2026?
Downtown East ended August 2026 with 5.9 months of supply (44 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.
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