Homes for Sale in Minnetonka, MN

Here is where the Minnetonka market stood in September 2026. The median sale price has decreased by 6% from last year to $487,000, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold. Homes are selling 14 days more quickly than last year, averaging 48 days on market, and sellers are receiving 97.3% of their original asking price. The area is currently a balanced market with 3.3 months of supply. Active inventory is up 10% from last year to 209 homes for sale.

In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.

In Minnetonka, homes were most commonly built in 1980-1989, about 72% of occupied homes are owner-occupied, and the average commute is 19 minutes. Roughly 54% of homes are single-family detached, and the median home was built in 1981.

Homeowners with a mortgage typically spend $2,540 a month on housing costs, higher than the Twin Cities metro and the median property tax bill is $5,285 a year.