The Minnetonka housing market is very competitive. Homes in Minnetonka receive 8 offers on average and sell in around 21 days. The median sale price of a home in Minnetonka was $470K last month, down 7.0% since last year. The median sale price per square foot in Minnetonka is $205, up 0.5% since last year.
What is the housing market like in Minnetonka today?
In March 2024, Minnetonka home prices were down 7.0% compared to last year, selling for a median price of $470K. On average, homes in Minnetonka sell after 21 days on the market compared to 22 days last year. There were 45 homes sold in March this year, up from 42 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$469,500
-7.0% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Minnetonka, MN
$469,500
-7.0%
United States
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How hot is the Minnetonka housing market?
Minnetonka is very competitive. Homes sell in 21.5 days.
0
100
71
Very Competitive
Redfin Compete Score™
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 22 days.
Hot homes
can sell for about 2% above list price and go pending in around 9 days.
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.
Home offer insights for Minnetonka
Explore recent offers and recently sold homes in Minnetonka
Recent offers
Offer Not Accepted|
9 Weeks Ago
~$600K Offer
Sold for $650K
3bd | 1.75ba | —sqft
Over List Price
0%
Days on Market
6
Competing Offers
5
Down Payment
~20%
Rachael Rosen
Minnetonka Redfin Agent
View houses in Minnetonka that sold recently
Recently sold homes
SOLD MAY 10, 2024
$255,000 Last Sold Price
2 beds
2 baths
—sq ft
3620 Independence Ave S #32, Saint Louis Park, MN 55426
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
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.
Risk Factor
Flood Factor - Moderate
14% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Minnetonka has a moderate risk of flooding. 1,561 properties in Minnetonka are likely to be
severely affected
by flooding over the next 30 years. This represents 14% of all properties in Minnetonka. Flood risk is increasing slower than the national average.
10% of properties are at risk of wildfire over the next 30 years
Fire Factor
Minnetonka has a moderate risk of wildfire. There are 1,790 properties in Minnetonka that have some risk of being affected by wildfire over the next 30 years. This represents 10% of all properties in Minnetonka.