Year-over-year, Prospect Park - East River Road has seen home values rise, with the typical home value up over the past 12 months in this rolling three-month view. Median list prices are also higher than a year ago, pointing to sellers aiming a bit higher even as conditions shift. Compared with Minneapolis overall, prices in this neighborhood are now close to the city median, suggesting buyers here face a similar pricing environment to the broader market.
Looking at the latest rolling period through April 2026, inventory has grown sharply, with active listings nearly doubling from a year ago and months of supply jumping to 8.7. At the same time, homes are selling more quickly, with median days on market dropping compared with last year, and about two-thirds going off the market within two weeks. New listings and pending sales are both up strongly year over year, signaling more movement on both the supply and demand sides.
Even though only about 14 percent of recent sales closed above list price and the average sale-to-list ratio sits just under 98 percent, this area is still classified as a seller’s market. More choices for buyers, combined with faster selling times for well-priced homes, create a nuanced environment where strategy matters. Agent Pronto can connect both buyers and sellers with a local agent who understands these trends and can guide them through their next move.
