February 2026 Market Report in South Metro
South Metro MN Real Estate Market Report
February 2026 | Dakota & Scott County
February’s numbers are giving us an early look at how the spring market is taking shape across the South Metro.
Dakota County – February 2026 vs. February 2025
Average Days on Market: 57 (+16.3%)
Median Price Per Sq Ft: $203
Sales-to-List Price Ratio: 97.4% (-0.9%)
New Listings: 591 (+2.2%)
Months Supply: 2.2 (+10%)
Pending Sales: 352 (-13.5%)
Closed Sales: 286 (-4.3%)
What This Means:
Dakota County is giving buyers more options and more time to make decisions. Inventory is up, homes are taking longer to sell, and pending sales are down — a sign that buyers are being more selective. For sellers, pricing and presentation are critical in this market.
Scott County – February 2026 vs. February 2025
Average Days on Market: 49 (-9.3%)
Median Price Per Sq Ft: $207
Sales-to-List Price Ratio: 97.6% (+0.4%)
New Listings: 253 (+14%)
Months Supply: 2.7 (+8%)
Pending Sales: 135 (+0.7%)
Closed Sales: 101 (+7.4%)
What This Means:
Scott County is showing stronger momentum. Prices are up, homes are selling faster, and closed sales increased year-over-year. Even with more listings hitting the market, buyers are still active — which is a strong sign heading into spring.
Key Takeaways for Buyers & Sellers
For Buyers
- Dakota County offers more breathing room with higher supply and longer days on market.
- Scott County is more competitive as prices rise and homes sell faster.
- Inventory is growing in both counties, creating more choices heading into spring.
For Sellers
- Dakota sellers need strong pricing strategy as buyer urgency has softened.
- Scott sellers are entering spring with momentum thanks to rising prices and increased closings.
- Both counties still require thoughtful presentation and preparation to stand out.
Thinking About Buying or Selling This Spring?
The best strategy starts with understanding your local market. Let’s build a plan around your goals.
Bottom Line
The February 2026 market shows a clear split across the South Metro. Dakota County is leaning more buyer-friendly, while Scott County is gaining strength with sellers and active buyers. No matter which side of the market you're on, your next move should be guided by local data and the right strategy.
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