Minnetonka Market Report
$726,513
AVERAGE PRICE OF 231 HOMES$324,316
AVERAGE PRICE OF 6 DISTRESSED HOMES$1,880,710
AVERAGE PRICE OF 45 MULTI-MILLION DOLLAR HOMES$1,966,983
AVERAGE PRICE OF 16 NEWLY BUILT HOMES$392,650
AVERAGE PRICE OF 52 HOMES WITH A POOL$974,212
AVERAGE PRICE OF 8 REDUCED PRICE HOMESAverage Home
| Average Price | $726,513 |
| Avg Bedrooms | 2.9 beds |
| Avg Bathrooms | 2.56 baths |
Average Price by Bedrooms
| 1 bedroom | $191,509 |
| 2 bedrooms | $276,928 |
| 3 bedrooms | $743,606 |
| 4 bedrooms | $831,976 |
| 5 bedrooms | $1,397,820 |
Minnetonka Home Price Trends
| 3/2025 | 2/2025 | 1/2025 | 12/2024 | 11/2024 | |
|---|---|---|---|---|---|
| Total Listings | 204 | 177 | 154 | 179 | 207 |
| Average Price | $728,086 | $676,769 | $653,854 | $630,774 | $655,882 |
| Avg Price Change | +7.58% | +3.50% | +3.66% | -3.98% | -4.41% |
| Median Price | $456,178 | $448,583 | $440,960 | $443,470 | $451,902 |
| Med Price Change | +1.69% | +1.73% | -0.57% | -1.90% | -10.17% |
| Avg Bedrooms | 2.83 beds | 2.73 beds | 2.75 beds | 2.78 beds | 2.91 beds |
| Avg Bathrooms | 2.55 baths | 2.41 baths | 2.37 baths | 2.44 baths | 2.55 baths |
| Total Homes | Average Price | Avg Days on Site | |
|---|---|---|---|
| All Homes | 231 | $726,513 | 64 days |
| Distressed Homes | 6 | $324,316 | 54 days |
| Multi-Million Dollar Homes | 45 | $1,880,710 | 100 days |
| Newly Built Homes | 16 | $1,966,983 | 140 days |
| Homes with a Pool | 52 | $392,650 | 70 days |
| Reduced Price Homes | 8 | $974,212 | 32 days |
