March 2026 Market Report in South Metro
South Metro MN Real Estate Market Report
March 2026 | Dakota & Scott County
March’s numbers are giving us a clear look at how the spring market is unfolding across the South Metro.
Dakota County – March 2026 vs. March 2025
Average Days on Market: 43 (+4.9%)
Median Price Per Sq Ft: $196
Sales-to-List Price Ratio: 98.6% (-0.4%)
New Listings: 800 (+10.8%)
Months Supply: 2.3 (+9.5%)
Pending Sales: 544 (+4.2%)
Closed Sales: 393 (-6.7%)
What This Means:
Dakota County is seeing strong inventory growth, giving buyers more options heading into spring. While prices dipped slightly, pending sales increased, showing buyers are still active. Homes are taking a bit longer to sell, which means pricing and presentation are becoming even more important for sellers.
Scott County – March 2026 vs. March 2025
Average Days on Market: 55 (+31.0%)
Median Price Per Sq Ft: $203
Sales-to-List Price Ratio: 97.7% (-1.7%)
New Listings: 327 (+10.1%)
Months Supply: 2.8 (+12.0%)
Pending Sales: 198 (-1.5%)
Closed Sales: 135 (-10.6%)
What This Means:
Scott County is shifting more noticeably toward a buyer-friendly market. Inventory is up, homes are taking significantly longer to sell, and both prices and closed sales declined. Buyers have more leverage, while sellers need to be especially strategic with pricing and presentation to stand out.
Key Takeaways for Buyers & Sellers
For Buyers
- More inventory means more options in both counties.
- Longer days on market are creating stronger negotiation opportunities.
- Scott County may offer more value for buyers due to price adjustments.
For Sellers
- Pricing matters more than ever as buyers become more selective.
- Dakota County still shows healthy buyer activity with pending sales on the rise.
- Scott County sellers need strong presentation and positioning to compete effectively.
Thinking About Buying or Selling This Spring?
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Bottom Line
March 2026 shows a market that is balancing out as we move deeper into the spring season. Inventory is rising, buyers are becoming more selective, and pricing strategy is becoming the difference-maker. Whether you're buying or selling, the right plan will help you move with confidence.
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