Edina Housing Market Update: Prices Ease as Inventory Adjusts

Edina Housing Market Update

Edina, MN remains one of the west metro’s most closely watched markets as the spring season approaches. Recent data shows modest price softening alongside tighter inventory and longer marketing times.

Top takeaways

Median sale price around $563K in January 2026, down about 4% year-over-year.
Median list price near $557K with roughly 170 homes on the market.
Homes selling at about 98% of list price, typically slightly below asking.
Days on market trending higher compared with last year.

Market snapshot

According to Redfin, Edina’s median sale price was approximately $563,000 in January 2026, a year-over-year decrease of about 4%. Realtor.com reports a median list price near $557,000, with around 171 homes for sale and a median of roughly 82 days on market. The typical sale-to-list ratio is about 98%, indicating sellers are still achieving close to asking price, though with more negotiation than during peak conditions.

Zillow’s local housing data also reflects a market that has cooled from prior highs, with a notable share of recent sales closing below list price. Overall, conditions point to a more balanced environment compared with the highly competitive cycles of recent years.

What’s for sale

Current listings range from mid-priced single-family homes to luxury new construction. Active inventory includes established properties in East Edina and larger custom builds priced well above $3 million. Buyers can also find townhomes and condos at lower price points, creating a wider entry range than in past tight-inventory seasons.

For homeowners, the City of Edina’s 2025 assessment report notes total estimated market value citywide of about $17.64 billion, reflecting the community’s substantial property base heading into taxes payable in 2026.

With mortgage rates still influencing affordability and more homes taking longer to sell, early spring activity will be a key indicator of how 2026 unfolds locally. Are you seeing more price reductions or renewed competition in your neighborhood?

Sources

https://www.redfin.com/city/4709/MN/Edina/housing-market
https://www.realtor.com/realestateandhomes-search/Edina_MN/overview
https://www.zillow.com/edina-mn/
https://www.edinamn.gov/DocumentCenter/View/12271/2025-Edina-Assessment-Report-PDF