Prospect Park - East River Road has seen notable shifts over the past year, with typical home values up about 35.0%. That puts the current typical home value around $405,000, well above the broader Minneapolis figure of roughly $355,000. At the same time, the share of homes selling above asking sits at about 25%, showing that strong demand is still present even as prices move.
Looking at March 2026, sellers listed homes at a median price of about $470,000, and they generally received around 98% of their asking price at closing. Homes also moved more quickly, with the median days on market dropping to 29 days, down an estimated 47.27% from the prior month and about 71.0% lower than a year earlier.
Supply conditions shifted as well, with inventory rising to 11 homes, up roughly 37.5% month over month and about 57.14% year over year, while new listings climbed 30.0% to 13 and pending sales dipped around 10.0%. The area is still classified as a Seller's Market with a market gauge score of 12, yet more inventory and a projected typical home value of about $361,000 next month suggest buyers could see slightly more options. With a projected 12 homes on the market and prices expected to hold near a $470,000 median list, both buyers and sellers can benefit from using Agent Pronto to find an agent who understands these evolving trends.
