Photo: Appraiser at English Wikipedia · Public domain752 homes sold in Minnetonka in the last year, at a typical $503K
About one sale in 4 is a condo. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Minnetonka homes are listed.
Every place Minnetonka homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Minnetonka.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
14% of Minnetonka’s sales are condos, at $378K less than a house
538 houses and 107 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 538 sold in 12 months
- Per square foot
- $242MN $191
- Days to sell
- 24
- Sold over asking
- 42%
- Listings with a price cut
- 29%
typical sale · 107 sold in 12 months
- Per square foot
- $178MN $205
- Days to sell
- 73
- Sold over asking
- 13%
- Listings with a price cut
- 25%
Multi-family (2–4 units): 3 sold, typical $580K
Townhouses: 104 sold, typical $390K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 1.6 times the 2016 price
752 sales in the last year, against 1,059 in 2021 and a low of 674 in 2024. The typical sale went from $310K in 2016 to $503K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $500K buys in Minnetonka
Check a listing against what Minnetonka homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Minnetonka are more common than before the pandemic, but a quarter fewer homes come up for sale
We read every month of Minnetonka’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 752 sales.
If you’re buying in Minnetonka
- Shop in April. It brings about 106 new listings a month, close to the busiest month, with fewer bidding wars (39% over asking).
- Some room to negotiate. 28% of listings cut their price, about as many as before the pandemic.
- Bid near asking. Buyers paid 99.7% of the list price on average; 35% paid over.
- Move fast on good ones. 45% of homes are under contract within two weeks.
Spring brings the homes; summer brings the bidding wars
May has the most new listings (about 122 a month), but June is the most competitive: 43% of June sales close over asking. January has the least competition (21%) but only about 52 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and about like Minnesota as a whole
| Minnetonka now | 2017–19 | 2021 peak | MN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 35% | 30% | 51% | 33% |
| Gone within two weeksShare of homes under contract within 14 days | 45% | 47% | 56% | 42% |
| Listings with a price cutShare of homes for sale that cut their price | 28% | 26% | 27% | 28% |
| Price paid vs. askingAverage sale price ÷ list price | 99.7% | 99% | 101.9% | 99.2% |
| Days to sellMedian days from listing to contract | 27 | 32 | 21 | 35 |
146 homes for sale on a typical day
That’s 1.5 times the 2021 low (96), 23% fewer than in 2017–19 and well under 2012’s 313.
1 in 4 listings has cut its price
28% in the last year, against 26% in 2017–19 and 28% across Minnesota.
Since 2019, houses are up 38%, condos 9%
A house typically sold for $580K in the last year (538 sales), a condo for $201K (107).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Minnetonka ranks 53rd of 144 busy Minnesota markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Minnetonka is in the middle of the pack.
Source: Redfin Data Center, city market tracker, January 2012 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Minnetonka home costs about $3,090 a month
Price: Minnetonka’s typical sale, last 12 months. Property tax at Minnetonka’s 1.1% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Minnetonka is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 26.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $503K home, about $5,580 a year.
Taxes vs. neighborsSchools
The schools grade for Minnetonka, from test results, graduation and how much students grow.
Schools in MinnetonkaTypical commute
The average one-way trip to work for people who live in Minnetonka.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Hopkins sells for less a square foot; Deephaven, Wayzata and Excelsior for far more
The busier markets within 25 miles of Minnetonka, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Edina | 785 | $703K | $271 | 27% | 33 |
| Minnetonka | 752 | $503K | $228 | 35% | 27 |
| St. Louis Park | 751 | $396K | $236 | 39% | 26 |
| Hopkins | 163 | $379K | $221 | 30% | 35 |
| Wayzata | 71 | $1.2M | $426 | 14% | 67 |
| Deephaven | 53 | $1.2M | $336 | 8% | 40 |
| Excelsior | 44 | $795K | $442 | 14% | 38 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Minnetonka, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Minnetonka. People who follow the town see it, and so do people comparing Minnetonka with their own town. No commission, no listing fee.
Questions about buying a home in Minnetonka
What do homes sell for in Minnetonka, MN?
752 homes sold in the year to May 2026 at a typical $503K, $228 a square foot. Houses sold for about $580K, condos for about $201K.
Is Minnetonka a buyer’s or seller’s market?
A seller’s market: 156 homes were for sale in May 2026 and 66 sold, about 2.4 months of supply. Buyers paid 99.7% of asking on average, and 28% of listings cut their price.
When is the best time to buy in Minnetonka?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Minnetonka?
About 1.1% of a home’s value a year. On a $503K home that’s near $5,580.
Where can I see homes for sale in Minnetonka?
Zillow, Redfin, Realtor.com and Homes.com all carry Minnetonka’s MLS listings; the search links above open each one filtered to Minnetonka.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).