Hennepin County, Minnesota

Minnetonka, MN Real Estate Market Report 2026

Track Minnetonka, MN housing market trends — median prices, days on market, appreciation rates, and expert analysis from The PRO Team at RE/MAX RESULTS.

Overview Market Trends Home Prices Neighborhoods Schools Buyer Guide Seller Guide Relocation Things to Do Luxury Homes New Construction Commute

Minnetonka Housing Market Snapshot

Current market data for Minnetonka, MN — updated regularly by The PRO Team at RE/MAX RESULTS.

Median Home Price

$748,000

As of 2025

Avg Days on Market

18 days

Median, all home types

Active Listings

42+

Currently available

Price Per Sq Ft

$228

Median single-family

Year-Over-Year Change

+4.2%

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.

Market Conditions

Median home price: $748,000 — representing strong demand in the Minnetonka market
Average days on market: 18 — a highly competitive, fast-moving market
Price appreciation: +4.2% year-over-year, indicating positive momentum and continued buyer demand
42+ active listings across all home types at any given time
$228 price per square foot — useful benchmark for evaluating any specific listing

Price Ranges by Segment

Minnetonka Mills$450K – $750K

Cottagewood$550K – $900K

Stubb's Bay$1.2M – $3M+

Minnetonka Beach Road Corridor$700K – $1.4M

Expert Market Analysis

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.

Minnetonka is part of the broader West Metro Twin Cities market, which consistently outperforms the national average for residential appreciation. Buyers benefit from strong resale values, excellent infrastructure, and high quality of life — all factors that sustain long-term demand.

For Buyers

Minnetonka attracts a broad buyer mix — corporate executives relocating to the I-494 tech corridor, families prioritizing the Minnetonka school district, and move-up buyers seeking lake access without Lake Minnetonka price premiums.

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For Sellers

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%.

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Search Minnetonka Homes on MLS

Browse every active listing — updated every 15 minutes with new listings, price changes, and coming-soon homes.

* Market data is for informational purposes. Contact The PRO Team for a personalized, real-time analysis.

Frequently Asked Questions

Common questions about Minnetonka real estate market trends from buyers and sellers.

Is it a buyer's or seller's market in Minnetonka right now?

Minnetonka is currently operating in a seller-favorable market. Homes are averaging 18 days on market, and year-over-year appreciation stands at +4.2%. 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.. The PRO Team provides up-to-date absorption rate analysis on request.

What is the price per square foot in Minnetonka?

Minnetonka's current median price per square foot is $228. This varies significantly by neighborhood, home age, and condition — newer construction and lake-proximity properties typically command a meaningful premium above this figure. The PRO Team can provide a property-specific price-per-square-foot comparison for any home you're evaluating.

How has the Minnetonka real estate market changed in the past year?

Minnetonka home values have moved +4.2% year-over-year. 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. Active inventory stands at approximately 42 listings, which provides buyers with meaningful options.

What is the average days on market for homes in Minnetonka?

Minnetonka homes are currently selling in an average of 18 days on market. Well-priced, move-in-ready homes in desirable neighborhoods often sell faster. Homes that are overpriced or need significant work tend to sit longer. The PRO Team's market expertise helps both buyers and sellers calibrate to realistic timelines.

Home Valuation

What's Your Minnetonka Home Really Worth?

Get a no-obligation valuation from a local Minnetonka expert — not Zillow's algorithm. We pull real comparables, account for your home's specific features, and deliver a number you can actually plan around.