All Home Types
Minnetonka, MN Housing Market
What is the housing market like in Minnetonka today?
In February 2025, Minnetonka home prices were up 10.7% compared to last year, selling for a median price of $543K. On average, homes in Minnetonka sell after 40 days on the market compared to 34 days last year. There were 34 homes sold in February this year, down from 41 last year.
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$542,500
+10.7% YoY | Feb 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Feb 2025
Growth
% YoY
Minnetonka, MN
$542,500
+10.7%
United States
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Minnetonka Migration & Relocation Trends
In Jan '25 - Mar '25, 22% of Minnetonka homebuyers searched to move out of Minnetonka, while 78% looked to stay within the metropolitan area.
- Across the nation, 0.77% of homebuyers searched to move into Minnetonka from outside metros.
- Miami homebuyers searched to move into Minnetonka more than any other metro followed by Albuquerque and Chicago.
Where are people moving to Minnetonka from?
- 78% 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.
Where are people from Minnetonka moving to?
Number of People Moving to Minnetonka
least
most
People are moving to Minnetonka from
| Inbound | Net inflow | ||
|---|---|---|---|
| Metros | Jan '25 - Mar '25 | ||
| 1 | 786 | ||
| 2 | 781 | ||
| 3 | 564 | ||
| 4 | 524 | ||
| 5 | 420 | ||
| 6 | 326 | ||
| 7 | 294 | ||
| 8 | 174 | ||
| 9 | 152 | ||
| 10 | 140 | ||
People are leaving Minnetonka for
| Outbound | Net outflow | ||
|---|---|---|---|
| Metros | Jan '25 - Mar '25 | ||
| 1 | 421 | ||
| 2 | 271 | ||
| 3 | 234 | ||
| 4 | 161 | ||
| 5 | 126 | ||
| 6 | 79 | ||
| 7 | 63 | ||
| 8 | 61 | ||
| 9 | 55 | ||
| 10 | 44 | ||
Methodology
This data does not reflect actual moves. The latest migration analysis is based on a sample of about two
million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user
must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.
Recently sold homes
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Minnetonka.
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