Payne-Phalen 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$270K+1.8% vs. August 2025
- Homes sold19−34.5% vs. August 2025
- Days on market47August 2026
- Months of supply3end of August 2026
The short version
Payne-Phalen in August 2026
In August 2026, 19 homes sold in Payne-Phalen, against 29 in August 2025.
The median sale price was $269,900, up 1.8% from a year earlier, and homes spent 47 days on market, with sellers receiving 97% of their original list price.
The month ended with 64 homes for sale, 3 months of supply (a seller’s market by the usual measure).
Over the 12 months through August 2026, the median was $248,500 (down 4.1%) across 252 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 |
| Jun 2026 | $246,998 |
| Jul 2026 | $247,500 |
| Aug 2026 | $269,900 |
All the numbers
Payne-Phalen, 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 | $265,000 | $269,900 | +1.8% | $259,000 | $248,500 | −4.1% |
| Average sale price | $250,101 | $253,832 | +1.5% | $255,766 | $251,359 | −1.7% |
| Price per square foot | $175 | $179 | +2.7% | $175 | $176 | +0.5% |
| Closed sales | 29 | 19 | −34.5% | 243 | 252 | +3.7% |
| New listings | 23 | 30 | +30.4% | 302 | 401 | +32.8% |
| Days on market | 42 | 47 | +11.9% | 35 | 41 | +17.1% |
| % of original list price received | 101.1% | 97% | −4.1% | 99.8% | 98.1% | −1.7% |
| Homes for sale (end of month) | 40 | 64 | +60.0% | — | — | — |
| Months of supply | 2 | 3 | +50.0% | — | — | — |
| Twin Cities region, median price | $400,000 | $405,000 | +1.3% | $389,000 | $395,000 | +1.5% |
Source: Minneapolis Area REALTORS® Local Market Update, Payne-Phalen, 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
Payne-Phalen in August 2026: questions
What was the median home price in Payne-Phalen, Saint Paul in August 2026?
$269,900, from 19 sales (up 1.8% from August 2025), according to the Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
How many homes sold in Payne-Phalen, Saint Paul in August 2026?
19, against 29 in August 2025. 30 new listings came on the market that month.
Was Payne-Phalen a buyer's or seller's market in August 2026?
Payne-Phalen ended August 2026 with 3 months of supply (64 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.
Every month