The typical home value in
Prospect Park-East River Road
is projected to be
$565,000
for the month of
February.
January’s
finalized data reported the typical value of a home in the
neighborhood
to be
$565,000—up
99.47%
over the previous 12 months.
For comparison,
city-level
data pegged home values at
$315,000
in
Minneapolis
for the most recent reporting period.
That number is expected to float around
$297,500
in
February.
Prospect Park-East River Road
had
3
new listings and
4
listings that went under contract in
January,
decreasing
the area’s total available inventory to
7—down
22.22%
from the previous month. Inventory is projected to have further
decreased
in
February.
The median listing price for homes in
Prospect Park-East River Road
grew
13.95%
from
December
to
January,
bringing the current median listing price to
$470,000.
Based on projected data for
February,
listing prices may continue to
grow.
The number of days that homes have been on the market prior to going under contract
fell
year-over-year. In
January 2026,
the median time for a listed property to go pending was
81
days, compared to
96
days in
January 2025.
In recent months the median number of days from listed to pending appears to be decreasing.
That trend is predicted to have carried through to this
February.
