Twin Cities (16-County Region) Real Estate Market Report: February 2026
In February 2026, the median sale price in Twin Cities (16-County Region) was $380,000, essentially unchanged from a year earlier.
- Median Sales Price
- $380,000
- +0% vs. February 2025
- Homes for Sale
- 7,946
- +2% vs. February 2025
- Months Supply
- 2.1
- +0% vs. February 2025
- Seller's market
- Days on Market
- 69
- +0% vs. February 2025
- Closed Sales
- 2,200
- -9.4% vs. February 2025
- Percent of Original List Received
- 97.4%
- -0.3 pts vs. February 2025
What this means
Home values are holding steady within one percent of last year, with a median sale price of $380,000.
Homes are averaging 69 days on market, in line with last year, and sellers are receiving 97.4% of their original asking price.
The area is currently a seller's market with 2.1 months of supply. Active inventory is up 2% from last year to 7,946 homes for sale.
In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.
Common questions about the Twin Cities market
Is Twin Cities (16-County Region) a buyer's or seller's market?
Twin Cities (16-County Region) was a seller's market in February 2026, with 2.1 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 7,946 homes for sale.
How fast are homes selling in Twin Cities (16-County Region)?
Homes that sold in February 2026 spent an average of 69 days on market, about the same as a year earlier. Sellers received 97.4% of their original list price on average.
Are home prices going up in Twin Cities (16-County Region)?
Prices were essentially flat, with a median sale price of $380,000.
Market trends in Twin Cities (16-County Region)
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $389,000 | 4,573 | 40 | 2.8 |
| September 2024 | $379,999 | 3,807 | 39 | 2.9 |
| October 2024 | $381,950 | 4,102 | 45 | 2.8 |
| November 2024 | $376,000 | 3,470 | 50 | 2.5 |
| December 2024 | $370,000 | 3,358 | 56 | 2 |
| January 2025 | $370,000 | 2,435 | 66 | 2 |
| February 2025 | $380,000 | 2,429 | 69 | 2.1 |
| March 2025 | $380,000 | 3,330 | 59 | 2.2 |
| April 2025 | $399,900 | 3,935 | 50 | 2.4 |
| May 2025 | $395,000 | 4,712 | 44 | 2.7 |
| June 2025 | $401,500 | 5,060 | 39 | 2.7 |
| July 2025 | $395,000 | 4,591 | 40 | 2.8 |
| August 2025 | $400,000 | 4,695 | 42 | 2.8 |
| September 2025 | $390,000 | 4,092 | 44 | 2.7 |
| October 2025 | $389,900 | 4,116 | 48 | 2.7 |
| November 2025 | $387,000 | 3,275 | 50 | 2.4 |
| December 2025 | $380,000 | 3,419 | 58 | 1.9 |
| January 2026 | $375,000 | 2,003 | 63 | 1.9 |
| February 2026 | $380,000 | 2,200 | 69 | 2.1 |
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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