Twin Cities (16-County Region) Real Estate Market Report: July 2026
In July 2026, the median sale price in Twin Cities (16-County Region) was $408,000, up 3.3% from a year earlier.
- Median Sales Price
- $408,000
- +3.3% vs. July 2025
- Homes for Sale
- 11,586
- +6.7% vs. July 2025
- Months Supply
- 3
- +7.1% vs. July 2025
- Balanced market
- Days on Market
- 40
- +0% vs. July 2025
- Closed Sales
- 5,071
- +10.5% vs. July 2025
- Percent of Original List Received
- 99.1%
- -0.2 pts vs. July 2025
What this means
The median sale price has increased by 3% from last year to $408,000, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling.
Homes are averaging 40 days on market, in line with last year, and sellers are receiving 99.1% of their original asking price.
The area is currently a balanced market with 3 months of supply. Active inventory is up 7% from last year to 11,586 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 July 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 11,586 homes for sale.
How fast are homes selling in Twin Cities (16-County Region)?
Homes that sold in July 2026 spent an average of 40 days on market, about the same as a year earlier. Sellers received 99.1% of their original list price on average.
Are home prices going up in Twin Cities (16-County Region)?
Yes. The median sale price rose 3.3% year over year to $408,000. Price per square foot moved in the same direction (from $217 to $223), which suggests a real change in values rather than a shift in the mix of homes sold.
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 |
| 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 |
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
Get the Twin Cities market report every month
We will email you the monthly numbers and what they mean for buyers and sellers.