Edina currently leans toward sellers, with a market gauge of 26 indicating they still have the upper hand. Inventory is relatively limited at 169 homes and months of supply sits at 2.7, both helping keep conditions tight. Homes spend a typical 28 days on the market, so buyers do have a bit of time, but not a lot.
Prices tell a mixed story for both sides. The typical home value is about $574,000, well above Hennepin County’s $390,000, yet values are down 10.31% from last year and 27.11% from last month, giving buyers a bit more leverage than before. Sellers are still seeing solid demand, with 32% of homes selling above list and an average sale-to-list ratio just under 1.0 at 0.996.
Activity is shifting as well, with 87 new listings in March 2026, down 18.69% from a year ago, while pending sales dipped a smaller 2.94%. Inventory has inched up 3.05% month over month and projections show it around 171 homes in April, while the projected typical home value is $467,250 and the projected median list price is $694,850, suggesting some ongoing price adjustment. With about 24.85% of listings seeing price drops, buyers may find room to negotiate, and sellers still benefit from relatively quick sales. Whether you are buying or selling, Agent Pronto can connect you with an Edina agent who understands these trends and can guide you through this evolving market.
