Prospect Park-East River Road 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$527K+19.9% vs. May 2025
- Homes sold5+66.7% vs. May 2025
- Days on market68May 2026
- Months of supply4.5end of May 2026
The short version
Prospect Park-East River Road in May 2026
In May 2026, 5 homes sold in Prospect Park-East River Road, against 3 in May 2025.
The median sale price was $527,366, up 19.9% from a year earlier, and homes spent 68 days on market, with sellers receiving 99.4% of their original list price.
The month ended with 15 homes for sale, 4.5 months of supply.
Over the 12 months through May 2026, the median was $475,000 (up 26.7%) across 29 sales.
Only 5 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 | $439,000 |
| Nov 2024 | $455,700 |
| Dec 2024 | $379,750 |
| Jan 2025 | $292,000 |
| Mar 2025 | $330,000 |
| Apr 2025 | $270,000 |
| May 2025 | $440,000 |
| Jun 2025 | $415,000 |
| Jul 2025 | $398,500 |
| Aug 2025 | $470,000 |
| Sep 2025 | $430,500 |
| Oct 2025 | $630,000 |
| Nov 2025 | $565,000 |
| Dec 2025 | $690,000 |
| Feb 2026 | $472,500 |
| Mar 2026 | $307,500 |
| Apr 2026 | $422,500 |
| May 2026 | $527,366 |
All the numbers
Prospect Park-East River Road, 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 | $440,000 | $527,366 | +19.9% | $375,000 | $475,000 | +26.7% |
| Average sale price | $492,500 | $541,873 | +10.0% | $363,452 | $470,616 | +29.5% |
| Price per square foot | $224 | $251 | +11.7% | $235 | $242 | +2.8% |
| Closed sales | 3 | 5 | +66.7% | 27 | 29 | +7.4% |
| New listings | 5 | 3 | −40.0% | 42 | 50 | +19.0% |
| Days on market | 90 | 68 | −24.4% | 67 | 40 | −40.3% |
| % of original list price received | 97.7% | 99.4% | +1.7% | 96.3% | 96.7% | +0.4% |
| Homes for sale (end of month) | 7 | 15 | +114.3% | — | — | — |
| Months of supply | 2.9 | 4.5 | +55.2% | — | — | — |
| Twin Cities region, median price | $395,000 | $399,000 | +1.0% | $385,000 | $390,000 | +1.3% |
Source: Minneapolis Area REALTORS® Local Market Update, Prospect Park-East River Road, 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
Prospect Park-East River Road in May 2026: questions
What was the median home price in Prospect Park-East River Road, Minneapolis in May 2026?
$527,366, from 5 sales (up 19.9% 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 $475,000.
How many homes sold in Prospect Park-East River Road, Minneapolis in May 2026?
5, against 3 in May 2025. 3 new listings came on the market that month.
Was Prospect Park-East River Road a buyer's or seller's market in May 2026?
Prospect Park-East River Road ended May 2026 with 4.5 months of supply (15 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.
Every month
Prospect Park-East River Road market reports by month
- September 2026 (newest)
- August 2026
- July 2026
- June 2026
- April 2026
- March 2026
- February 2026
- December 2025
- November 2025
- October 2025
Prospect Park-East River Road neighborhood guideEvery city in May 2026