Payne-Phalen 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$260K+4.0% vs. May 2025
- Homes sold26+136.4% vs. May 2025
- Days on market30May 2026
- Months of supply3end of May 2026
The short version
Payne-Phalen in May 2026
In May 2026, 26 homes sold in Payne-Phalen, against 11 in May 2025.
The median sale price was $259,950, up 4.0% from a year earlier, and homes spent 30 days on market, with sellers receiving 100.1% of their original list price.
The month ended with 63 homes for sale, 3 months of supply (a seller’s market by the usual measure).
Over the 12 months through May 2026, the median was $256,500 (up 0.4%) across 246 sales.
Single months can swing when few homes sell.
Show as a table
| Year | Median price |
|---|---|
| Oct 2024 | $260,000 |
| Nov 2024 | $239,950 |
| Dec 2024 | $259,000 |
| Jan 2025 | $270,000 |
| Feb 2025 | $210,000 |
| Mar 2025 | $259,950 |
| Apr 2025 | $285,000 |
| May 2025 | $250,000 |
| Jun 2025 | $280,000 |
| Jul 2025 | $267,500 |
| Aug 2025 | $265,000 |
| Sep 2025 | $243,000 |
| Oct 2025 | $232,000 |
| Nov 2025 | $238,000 |
| Dec 2025 | $240,625 |
| Jan 2026 | $265,000 |
| Feb 2026 | $245,000 |
| Mar 2026 | $260,000 |
| Apr 2026 | $240,000 |
| May 2026 | $259,950 |
All the numbers
Payne-Phalen, 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 | $250,000 | $259,950 | +4.0% | $255,500 | $256,500 | +0.4% |
| Average sale price | $247,127 | $271,400 | +9.8% | $256,955 | $253,236 | −1.4% |
| Price per square foot | $212 | $178 | −16.0% | $178 | $173 | −2.6% |
| Closed sales | 11 | 26 | +136.4% | 233 | 246 | +5.6% |
| New listings | 28 | 44 | +57.1% | 297 | 380 | +27.9% |
| Days on market | 22 | 30 | +36.4% | 34 | 41 | +20.6% |
| % of original list price received | 102.1% | 100.1% | −2.0% | 99.7% | 98.8% | −0.9% |
| Homes for sale (end of month) | 38 | 63 | +65.8% | — | — | — |
| Months of supply | 2 | 3 | +50.0% | — | — | — |
| Twin Cities region, median price | $395,000 | $399,000 | +1.0% | $385,000 | $390,000 | +1.3% |
Source: Minneapolis Area REALTORS® Local Market Update, Payne-Phalen, 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
Payne-Phalen in May 2026: questions
What was the median home price in Payne-Phalen, Saint Paul in May 2026?
$259,950, from 26 sales (up 4.0% from May 2025), according to the Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
How many homes sold in Payne-Phalen, Saint Paul in May 2026?
26, against 11 in May 2025. 44 new listings came on the market that month.
Was Payne-Phalen a buyer's or seller's market in May 2026?
Payne-Phalen ended May 2026 with 3 months of supply (63 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.
Every month