Homes for Sale in Minnetonka, MN

Here is where the Minnetonka market stood in August 2026. The median sale price has decreased by 4% from last year to $480,000, though an opposite trend in price per square foot suggests this change more likely reflects the mix of homes that sold. Homes are selling 6 days longer than last year, averaging 54 days on market, and sellers are receiving 97.2% of their original asking price. The area is currently a seller's market with 2.9 months of supply. Active inventory is up 4% from last year to 188 homes for sale.

In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.

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.