Twin Cities (16-County Region) Real Estate Market Report: August 2026
In August 2026, the median sale price in Twin Cities (16-County Region) was $405,000, up 1.3% from a year earlier.
- Median Sales Price
- $405,000
- +1.3% vs. August 2025
- Homes for Sale
- 11,698
- +7.9% vs. August 2025
- Months Supply
- 3
- +7.1% vs. August 2025
- Balanced market
- Days on Market
- 45
- +7.1% vs. August 2025
- Closed Sales
- 4,627
- -1.4% vs. August 2025
- Percent of Original List Received
- 98.2%
- -0.6 pts vs. August 2025
What this means
The median sale price has increased by 1% from last year to $405,000.
Homes are selling 3 days longer than last year, averaging 45 days on market, and sellers are receiving 98.2% of their original asking price.
The area is currently a balanced market with 3 months of supply. Active inventory is up 8% from last year to 11,698 homes for sale.
In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.
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 balanced market in August 2026, with 3 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 11,698 homes for sale.
How fast are homes selling in Twin Cities (16-County Region)?
Homes that sold in August 2026 spent an average of 45 days on market, 3 days slower than a year earlier. Sellers received 98.2% of their original list price on average.
Are home prices going up in Twin Cities (16-County Region)?
Yes. The median sale price rose 1.3% year over year to $405,000.
Market trends in Twin Cities (16-County Region)
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| 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 |
| March 2026 | $380,000 | 3,242 | 62 | 2.3 |
| April 2026 | $392,000 | 3,800 | 57 | 2.6 |
| May 2026 | $399,000 | 4,713 | 45 | 2.8 |
| June 2026 | $410,000 | 5,602 | 42 | 2.8 |
| July 2026 | $408,000 | 5,071 | 40 | 3 |
| August 2026 | $405,000 | 4,627 | 45 | 3 |
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published September 12, 2026.
Report published .
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