Minnetonka, MN Home Prices — 2025 Guide
Real, current home price data for Minnetonka — median values, price tiers by budget, bedroom breakdowns, and neighborhood comparisons from The PRO Team at RE/MAX RESULTS.
Median Home Price
$748,000
As of 2025
Price Per Sq Ft
$228
Median, single-family
Annual Appreciation
+4.2%
Year-over-year
Days on Market
18 days
Median time to offer
Home Price Ranges by Budget — Minnetonka
Minnetonka real estate spans a wide range of budgets. Here's how the market segments break down relative to the $748,000 median.
Entry-Level / Starter Homes
Entry-Level$360K – $510K
Condos, townhomes, and smaller single-family homes. Ideal for first-time buyers and downsizers looking for value and low maintenance.
Mid-Market / Move-Up Homes
Most Active$600K – $900K
3–4 bedroom single-family homes in established neighborhoods — the most active segment of the market with strong resale demand.
Premium Upper-Market
Premium$1.0M – $1.4M
4–5 bedroom homes with premium finishes, larger lots, and upgraded amenities in the best school zones.
Luxury & Estate Homes
Luxury$1.5M+
Custom estates, lakefront properties, and architecturally significant homes — often off-market or pre-marketed through luxury networks.
Price by Bedroom Count — Minnetonka
Typical price ranges by bedroom count based on recent Minnetonka sales. Actual prices vary by neighborhood, condition, and lot size.
Studio / 1 Bed
Condos & co-ops
$240K – $390K
2 Bedroom
Condos & townhomes
$390K – $560K
3 Bedroom
Single-family — most common
$585K – $785K
4 Bedroom
Move-up single-family
$825K – $1.1M
5+ Bedroom
Estate & luxury homes
$1.1M+
Price by Neighborhood
+4.2%
At this pace, today's median $748,000 home could be worth approximately $780K within a year.
Sellers benefit from sustained demand driven by top-tier schools, strong lake proximity, and a large active listing pool that maintains healthy competition — average list-to-sale ratios consistently above 99%.
Price Analysis — Minnetonka Real Estate
Minnetonka has appreciated at 4.2% year-over-year, with lakefront and lake-access properties in Stubb's Bay and Cottagewood outpacing the city average significantly.
- Median price: $748,000 — reflecting consistent, sustained buyer demand in Minnetonka
- $228 per square foot — a reliable benchmark when comparing individual listings
- 18 median days on market — a competitive environment requiring pre-approval and decisive action
- +4.2% annual appreciation — outpacing most national housing benchmarks
- 42+ active listings — inventory that favors buyers with meaningful selection
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* Price ranges are based on recent market activity and are informational only. Contact The PRO Team for a precise, personalized market analysis.
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