Minnetonka, MN Housing Market
The Minnetonka housing market is somewhat competitive. 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 $214, up 7.3% since last year.
Minnetonka Housing Market Trends
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.
How much is your home worth? Track your home’s value and compare it to nearby sales.
How hot is the Minnetonka housing market?
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
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 25 days.
- Hot homescan sell for about 2% above list price and go pending in around 11 days.
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
- Some homes get multiple offers.
- The average homes sell for about 1% below list price and go pending in around 25 days.
- Hot homescan sell for about 2% above list price and go pending in around 9 days.
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
- Some homes get multiple offers.
- The average homes sell for around list price and go pending in around 23 days.
- Hot homescan sell for about 3% above list price and go pending in around 10 days.
Minnetonka Migration & Relocation Trends
- Across the nation, 0.66% 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.
- 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.
Inbound | Net inflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 518 | ||
2 | 507 | ||
3 | 306 | ||
4 | 253 | ||
5 | 231 | ||
6 | 227 | ||
7 | 194 | ||
8 | 154 | ||
9 | 148 | ||
10 | 112 |
Outbound | Net outflow | ||
---|---|---|---|
Metros | Jan '24 - Mar '24 | ||
1 | 384 | ||
2 | 279 | ||
3 | 220 | ||
4 | 170 | ||
5 | 169 | ||
6 | 117 | ||
7 | 76 | ||
8 | 65 | ||
9 | 62 | ||
10 | 45 |
Home offer insights for Minnetonka
Recent offers
View houses in Minnetonka that sold recently
Recently sold homes
- $680,000 Last Sold Price5 beds4 baths—sq ft12368 James Rd, Minnetonka, MN 55343List Price$688,500Sale to List1% under listDays on Market72 days12368 James Rd, Minnetonka, MN 55343
- $350,000 Last Sold Price2 beds2 baths—sq ft5601 Smetana Dr #408, Minnetonka, MN 55343List Price$359,900Sale to List3% under listDays on Market98 days5601 Smetana Dr #408, Minnetonka, MN 55343
- $504,900 Last Sold Price4 beds4 baths—sq ft14721 Crestview Ln, Minnetonka, MN 55345List Price$504,900Sale to List0% over listDays on Market40 days14721 Crestview Ln, Minnetonka, MN 55345
- $515,000 Last Sold Price3 beds2 baths—sq ft3532 Plymouth Rd, Minnetonka, MN 55305List Price$540,000Sale to List5% under listDays on Market248 days3532 Plymouth Rd, Minnetonka, MN 55305
- $635,000 Last Sold Price3 beds3 baths—sq ft9857 Enclave Dr, Minnetonka, MN 55305List Price$625,000Sale to List2% over listDays on Market35 days9857 Enclave Dr, Minnetonka, MN 55305
- $675,000 Last Sold Price4 beds3 baths—sq ft14424 Spring Lake Rd, Minnetonka, MN 55345List Price$675,000Sale to List0% over listDays on Market49 days14424 Spring Lake Rd, Minnetonka, MN 55345
- $275,000 Last Sold Price3 beds2 baths—sq ft6123 Concord Hill Ln, Minnetonka, MN 55345List Price$279,900Sale to List2% under listDays on Market29 days6123 Concord Hill Ln, Minnetonka, MN 55345
- $153,500 Last Sold Price1 bed1 bath—sq ft10441 Greenbrier Rd #313, Minnetonka, MN 55305List Price$155,000Sale to List1% under listDays on Market55 days10441 Greenbrier Rd #313, Minnetonka, MN 55305
See all recently sold homes in Minnetonka.
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Schools in Minnetonka
- Elementary
- Middle
- High
GreatSchools Rating
9/10 Scenic Heights Elementary School Public • K-5 | 875 Students | 10 reviews |
8/10 Park Spanish Immersion Elementary School Public • K-5 | 519 Students | 7 reviews |
8/10 Xinxing Academy Public • K-6 • Choice school | 320 Students | N/A |
8/10 Clear Springs Elementary School Public • K-5 | 875 Students | 17 reviews |
8/10 Groveland Elementary School Public • K-5 | 863 Students | 8 reviews |
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.
Flood Factor - Moderate
Flood Factor
Fire Factor - Moderate
Fire Factor
Wind Factor - Minimal
Wind Factor
Heat Factor - Minor
Heat Factor
Transportation in Minnetonka
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