Minnetonka, MN
Housing market overview · Updated weekly
$515,000median sale price
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
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
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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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