Prospect Park-East River Road 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$307K−34.7% vs. August 2025
- Homes sold2−50.0% vs. August 2025
- Days on market73August 2026
- Months of supply5.8end of August 2026
The short version
Prospect Park-East River Road in August 2026
In August 2026, 2 homes sold in Prospect Park-East River Road, against 4 in August 2025.
The median sale price was $307,000, down 34.7% from a year earlier, and homes spent 73 days on market, with sellers receiving 95.8% of their original list price.
The month ended with 18 homes for sale, 5.8 months of supply.
Over the 12 months through August 2026, the median was $477,500 (up 20.9%) across 30 sales.
Only 2 homes sold here in August 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 |
| Jun 2026 | $492,000 |
| Jul 2026 | $442,000 |
| Aug 2026 | $307,000 |
All the numbers
Prospect Park-East River Road, 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 | $470,000 | $307,000 | −34.7% | $395,000 | $477,500 | +20.9% |
| Average sale price | $531,250 | $307,000 | −42.2% | $396,706 | $473,479 | +19.4% |
| Price per square foot | $244 | $196 | −19.7% | $236 | $244 | +3.7% |
| Closed sales | 4 | 2 | −50.0% | 33 | 30 | −9.1% |
| New listings | 3 | 8 | +166.7% | 38 | 62 | +63.2% |
| Days on market | 45 | 73 | +62.2% | 66 | 49 | −25.8% |
| % of original list price received | 96% | 95.8% | −0.2% | 96.1% | 96.8% | +0.7% |
| Homes for sale (end of month) | 5 | 18 | +260.0% | — | — | — |
| Months of supply | 1.8 | 5.8 | +222.2% | — | — | — |
| Twin Cities region, median price | $400,000 | $405,000 | +1.3% | $389,000 | $395,000 | +1.5% |
Source: Minneapolis Area REALTORS® Local Market Update, Prospect Park-East River Road, 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
Prospect Park-East River Road in August 2026: questions
What was the median home price in Prospect Park-East River Road, Minneapolis in August 2026?
$307,000, from 2 sales (down 34.7% from August 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 $477,500.
How many homes sold in Prospect Park-East River Road, Minneapolis in August 2026?
2, against 4 in August 2025. 8 new listings came on the market that month.
Was Prospect Park-East River Road a buyer's or seller's market in August 2026?
Prospect Park-East River Road ended August 2026 with 5.8 months of supply (18 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)
- July 2026
- June 2026
- May 2026
- April 2026
- March 2026
- February 2026
- December 2025
- November 2025
- October 2025
Prospect Park-East River Road neighborhood guideEvery city in August 2026