Minnetonka Real Estate Market Report: July 2026
In July 2026, the median sale price in Minnetonka was $500,000, up 1.0% from a year earlier.
- Median Sales Price
- $500,000
- +1% vs. July 2025
- Homes for Sale
- 198
- +12.5% vs. July 2025
- Months Supply
- 3.1
- +6.9% vs. July 2025
- Balanced market
- Days on Market
- 41
- +7.9% vs. July 2025
- Closed Sales
- 83
- -4.6% vs. July 2025
- Percent of Original List Received
- 99.3%
- -0.4 pts vs. July 2025
What this means
The median sale price has increased by 1% from last year to $500,000, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling.
Homes are selling 3 days longer than last year, averaging 41 days on market, and sellers are receiving 99.3% of their original asking price.
The area is currently a balanced market with 3.1 months of supply. Active inventory is up 13% from last year to 198 homes for sale.
In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.
Common questions about the Minnetonka market
Is Minnetonka a buyer's or seller's market?
Minnetonka was a balanced market in July 2026, with 3.1 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 198 homes for sale.
How fast are homes selling in Minnetonka?
Homes that sold in July 2026 spent an average of 41 days on market, 3 days slower than a year earlier. Sellers received 99.3% of their original list price on average.
Are home prices going up in Minnetonka?
Yes. The median sale price rose 1.0% year over year to $500,000. Price per square foot moved in the same direction (from $232 to $244), which suggests a real change in values rather than a shift in the mix of homes sold.
Market trends in Minnetonka
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $604,950 | 63 | 41 | 2.8 |
| 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 |
How Minnetonka compares with the Twin Cities region
In July 2026, the median sale price in Twin Cities (16-County Region) was $408,000, up 3.3% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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