Minnetonka: Fun in Suburbia

city of minnetonka

Minnetonka is one of the top 100 cities to live in, in the country. Young families are drawn to the community for its excellent school district and high graduation rate. Surrounded by nature and only eight miles from Minneapolis, Minnetonka offers the best of both a peaceful suburb and bustling city. Summer and winter in Minnetonka are packed with exciting things to do for people of all ages.

Home Styles in Minnetonka

Craftsman-style and custom-built homes are typical real estate found in these parts, and are available in the Minnetonka area for $350,000–$600,000. Many of these charming single-family homes were built in the 1910s and have four bedrooms, four or more baths, and large windows that bring in an abundance of sunlight. Large, wooded areas surround the homes of Minnetonka, so nature can still be enjoyed even in these Minnesotan suburbs. Outdoor space allows for plenty of activities during the summer, such as working in the garden or entertaining guests and grilling. A nearby walking trail is typical in most neighborhoods.

real estate homes in minnetonka

Things to Do in Minnetonka

In the warmer months, hit up Shady Oak Beach and swim at the lake with the whole family. There are on-duty lifeguards, so it’s fun without the worry. This beach is unlike any other, because there’s even a high dive! You can also walk the trails or go fishing at Shady Oak Park.

For sports, visit Minnetonka Community Center, where there are softball and soccer fields, a volleyball and basketball court, playground, and horseshoe pit. There’s also an indoor ice arena open to the public year-round, and lessons are available for skating and hockey.

During the winter months of Minnesota, ice skate or play hockey at one of the outdoor rinks at Gro Tonka Park and Boulder Creek. There are warming houses to take breaks when you’re too chilly.

Ridgedale Mall is a popular spot for weekend shopping and dining in Minnetonka. Inside you’ll find popular stores, such as Macy’s and Apple. Stop in the Build-A-Bear Workshop and the Disney Store with the kids; split a delicious dessert with your date at The Cheesecake Factory; or grab a latte with friends at Caribou Coffee.

Local Flavor

BLVD Kitchen, an American bistro, bar and grill, offers happy hour every day of the week and is a Minnetonkan favorite. This includes specials on appetizers varying from calamari to their very own BLVD wings. For dinner, try their lobster mac and cheese or blackened pork chop. On Sundays, enjoy brunch with their signature bloody Mary. Whatever you’re craving, it’s on the BLVD menu.

Minnetonka, MN Real Estate Market Trends & Statistics

If you’re looking at homes for sale in Minnetonka, MN, it’s important to understand the latest real estate trends. We believe that staying in the know about how the real estate market is performing will help you make the best decisions when buying a home, and choose the right time to make your move.

This page is dedicated to helping you stay updated on the latest stats and home pricing in the Minnetonka, MN real estate marketplace.

QUICK MARKET SNAPSHOT:

While Minnetonka has decreased in the number of available homes for sale, median home price is also increasing and closed sales have decreased just slightly from 2017. The increase in home price is consistent with the total Twin Cities area, all of which have experienced more than a 5% increase in median sales price since 2017. Average days on market has slightly increased from last year though, indicating that while there may be fewer closed sales, homes are still selling quick in 2018.

Minnetonka Market Data (Month over Month)

Change in New ListingsChange in Closed SalesChange In Median Sales Price
-10.3%-4.1%+0.7%

2018 MARKET UPDATES FOR Minnetonka:

MinnetonkaMarket Data (Year over Year)

 Year to Date Change
New Listings-11.1%
Closed Sales-8.3%
Median Sales Price+2.9%
Average Sales Price+6.4%
Price Per Square Foot+6.3%
Percent of Original List Price Received+0.5%
Days on Market Until Sale+4.9%

Real estate market data sources:

Minnetonka Data from MAAR

Twin Cities Data from MAAR