Minnetonka, MN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Minnetonka, MN is $515,000, down 5.1% year-over-year. Homes sell in an average of 86 days with 118 active listings. The market is currently a balanced market.
$515,000median sale price
Is Minnetonka a buyer's or seller's market?
Minnetonka, MN is currently a balanced market, based on 3.0 months of supply and homes selling in about 86 days. How we determine this →
Homes sold
39
Last 12 weeks
Days on market
86
Average pace
Active listings
118
3.0 months supply
Sale-to-list
96.9%
Below asking
Minnetonka, MN market data
| Metric | Value |
|---|---|
| Median sale price | $515,000 |
| Median list price | $574,950 |
| Year-over-year price change | -5.1% |
| Average days on market | 86 days |
| Active inventory | 118 listings |
| Months of supply | 3.0 months |
| Sale-to-list price ratio | 96.9% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Minnetonka housing market is currently classified as a balanced market with a median sale price of $515,000. Prices have fallen 5.1% compared to last year, with homes spending an average of 86 days on market, indicating 3.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Minnetonka
There are currently 118 homes listed for sale in Minnetonka, Minnesota. The median listing price is $575K.
Active listings
118
Homes on market
Median list price
$575K
Avg. days on market
86
Days until sale
New this week
82
Newly listed
Top public schools in Minnetonka
25 schools tracked · 14,123 students
The largest public schools serving Minnetonka, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
MINNETONKA SENIOR HIGH
Grades 9-12 · 3,482 students
HOPKINS SENIOR HIGH
Grades 9-12 · 1,991 students
MINNETONKA EAST MIDDLE
Grades 6-8 · 1,307 students
SCENIC HEIGHTS ELEMENTARY
Grades K-5 · 928 students
GROVELAND ELEMENTARY
Grades K-5 · 910 students
CLEAR SPRINGS ELEMENTARY
Grades K-5 · 866 students
Hopkins North Middle School
Grades 6-8 · 847 students
EAGLE RIDGE ACADEMY LOWER SCHOOL
Grades K-5 · 826 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Minnetonka?
The median home sale price in Minnetonka is $515,000, down 5.1% from last year.
How long do homes stay on market in Minnetonka?
Homes typically spend 86 days on market before going under contract.
Is Minnetonka a buyer's or seller's market?
With 3.0 months of supply, Minnetonka is currently a balanced market.
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