Minnetonka, MN Housing Market
The Minnetonka housing market is very competitive. Homes in Minnetonka receive 7 offers on average and sell in around 30 days. The median sale price of a home in Minnetonka was $432K last month, up 4.2% since last year. The median sale price per square foot in Minnetonka is $231, up 8.9% since last year.
Minnetonka Housing Market Trends
In April 2024, Minnetonka home prices were up 4.2% compared to last year, selling for a median price of $432K. On average, homes in Minnetonka sell after 30 days on the market compared to 18 days last year. There were 56 homes sold in April this year, up from 51 last year.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Minnetonka housing market?
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for around list price and go pending in around 19 days.
- Hot homescan sell for about 2% above list price and go pending in around 8 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% below list price and go pending in around 19 days.
- Hot homescan sell for about 3% above list price and go pending in around 7 days.
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 3 months
- Many homes get multiple offers, some with waived contingencies.
- The average homes sell for about 1% above list price and go pending in around 17 days.
- Hot homescan sell for about 3% above list price and go pending in around 8 days.
Minnetonka Migration & Relocation Trends
- Across the nation, 0.60% of homebuyers searched to move into Minnetonka from outside metros.
- Albuquerque homebuyers searched to move into Minnetonka more than any other metro followed by Miami and Chicago.
- 77% of Minnetonka homebuyers searched to stay within the Minnetonka metropolitan area.
- Brainerd was the most popular destination among Minnetonka homebuyers followed by Cape Coral and Duluth.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 506 | ||
2 | 494 | ||
3 | 286 | ||
4 | 230 | ||
5 | 198 | ||
6 | 196 | ||
7 | 138 | ||
8 | 122 | ||
9 | 120 | ||
10 | 111 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Mar '24 - May '24 | ||
1 | 438 | ||
2 | 273 | ||
3 | 235 | ||
4 | 204 | ||
5 | 172 | ||
6 | 108 | ||
7 | 70 | ||
8 | 67 | ||
9 | 64 | ||
10 | 62 |
View houses in Minnetonka that sold recently
Recently sold homes
- $1,048,800 Last Sold Price3 beds3 baths—sq ft11497 Old Bren Rd, Minnetonka, MN 55343List Price$999,000Sale to List5% over listDays on Market67 days11497 Old Bren Rd, Minnetonka, MN 55343
- $630,000 Last Sold Price4 beds3 baths—sq ft4708 Forest Cir, Minnetonka, MN 55345List Price$650,000Sale to List3% under listDays on Market55 days4708 Forest Cir, Minnetonka, MN 55345
- $224,900 Last Sold Price1 bed1 bath—sq ft5601 Smetana Dr #618, Minnetonka, MN 55343List Price$224,900Sale to List0% over listDays on Market89 days5601 Smetana Dr #618, Minnetonka, MN 55343
- $562,000 Last Sold Price3 beds3 baths—sq ft4753 Hamilton Rd, Minnetonka, MN 55345List Price$579,000Sale to List3% under listDays on Market59 days4753 Hamilton Rd, Minnetonka, MN 55345
- $655,000 Last Sold Price3 beds3 baths—sq ft1616 Essex Rd, Minnetonka, MN 55305List Price$649,999Sale to List1% over listDays on Market69 days1616 Essex Rd, Minnetonka, MN 55305
- $314,900 Last Sold Price2 beds3 baths—sq ft5237 Beachside Dr, Minnetonka, MN 55343List Price$314,900Sale to List0% over listDays on Market37 days5237 Beachside Dr, Minnetonka, MN 55343
- $485,000 Last Sold Price3 beds2 baths—sq ft2771 Foxgate Dr, Minnetonka, MN 55305List Price$485,000Sale to List0% over listDays on Market38 days2771 Foxgate Dr, Minnetonka, MN 55305
- $405,000 Last Sold Price3 beds2 baths—sq ft3930 Cottage Ln, Minnetonka, MN 55305List Price$379,900Sale to List7% over listDays on Market18 days3930 Cottage Ln, Minnetonka, MN 55305
See all recently sold homes in Minnetonka.
See listings
Schools in Minnetonka
- Elementary
- Middle
- High
GreatSchools Rating
10/10 Groveland Elementary School Public • K-5 | 917 Students | 8 reviews |
9/10 Scenic Heights Elementary School Public • K-5 | 901 Students | 11 reviews |
8/10 Park Spanish Immersion Elementary School Public • K-5 | 518 Students | 7 reviews |
8/10 Clear Springs Elementary School Public • K-5 | 863 Students | 17 reviews |
7/10 Glen Lake Elementary School Public • PreK-6 | 454 Students | 12 reviews |
Climate's impact on Minnetonka housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Minnetonka.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Minor
Heat Factor
Transportation in Minnetonka
More real estate resources for Minnetonka
New Listings in Minnetonka
Zip Code Housing Markets
Neighborhood Housing Markets
Nearby City Housing Markets
Zip Code Listings
Neighborhood Listings
Nearby City Listings
About us
Find us
Subsidiaries
Copyright: © 2024 Redfin. All rights reserved.
Updated January 2023: By searching, you agree to the Terms of Use, and Privacy Policy.
Do not sell or share my personal information.
REDFIN and all REDFIN variants, TITLE FORWARD, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.
California DRE #01521930
Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures
New Mexico Real Estate Licenses
TREC: Info About Brokerage Services, Consumer Protection Notice
If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.
REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.