Minnetonka Real Estate Market Reports
Published monthly figures and local context for Minnetonka.
Latest published report
August 2026
In August 2026, the median sale price in Minnetonka was $480,000, down 4.0% from a year earlier.
The median sale price has decreased by 4% from last year to $480,000, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold.
Homes are selling 6 days longer than last year, averaging 54 days on market, and sellers are receiving 97.2% of their original asking price.
The area is currently a seller's market with 2.9 months of supply. Active inventory is up 4% from last year to 188 homes for sale.
Market trends in Minnetonka
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| September 2024 | $424,900 | 57 | 33 | 2.9 |
| October 2024 | $515,000 | 64 | 46 | 2.9 |
| November 2024 | $480,000 | 43 | 53 | 2.7 |
| December 2024 | $520,000 | 49 | 58 | 2.2 |
| January 2025 | $526,500 | 29 | 73 | 2.4 |
| February 2025 | $542,500 | 32 | 80 | 2.5 |
| March 2025 | $433,750 | 50 | 47 | 2.5 |
| April 2025 | $501,000 | 76 | 57 | 2.3 |
| May 2025 | $531,000 | 81 | 57 | 2.9 |
| June 2025 | $501,000 | 87 | 22 | 2.7 |
| July 2025 | $495,000 | 87 | 38 | 2.9 |
| August 2025 | $500,000 | 65 | 48 | 2.9 |
| September 2025 | $515,000 | 63 | 62 | 2.8 |
| October 2025 | $530,000 | 69 | 39 | 2.9 |
| November 2025 | $470,000 | 56 | 50 | 2.3 |
| December 2025 | $513,000 | 43 | 59 | 1.6 |
| January 2026 | $479,500 | 29 | 62 | 1.4 |
| February 2026 | $482,450 | 36 | 91 | 2.1 |
| March 2026 | $550,000 | 55 | 50 | 2.2 |
| April 2026 | $507,500 | 70 | 48 | 2.6 |
| May 2026 | $499,000 | 69 | 39 | 2.7 |
| June 2026 | $540,000 | 108 | 44 | 2.7 |
| July 2026 | $500,000 | 83 | 41 | 3.1 |
| August 2026 | $480,000 | 72 | 54 | 2.9 |
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Data: NorthstarMLS Local Market Update via 10K Research, published September 12, 2026.