Minnetonka, MN Real Estate Market Summary – September 8, 2026
The real estate market in Minnetonka, MN has been active, with 63 properties sold in the last 30 days. The average days on market for these properties was about 16 days, indicating a pace of 2.10 properties per day.
| Metric | 30 Days |
|---|---|
| Number Sold | 63 |
| Sold Per Day | 2.10 |
| Average SQFT | 2470 |
| Median Sales Price | $485,000 |
| Average Sales Price | $627,259 |
| Average Price Per SQFT | $218 |
| Average Days on Market | 16 |
| Average Year Built | 1976 |
Minnetonka, MN Single Family Home Analysis
In the single-family segment, 42 homes were sold, taking an average of approximately 16 days to go off the market. The average sale price for these homes was $801,129.
| Metric | 30 Days |
|---|---|
| Number Sold | 42 |
| Sold Per Day | 1.40 |
| Average SQFT | 2997 |
| Median Sales Price | $562,500 |
| Average Sales Price | $801,129 |
| Average Price Per SQFT | $231 |
| Average Days on Market | 16 |
| Average Year Built | 1973 |
Minnetonka, MN Condo & Townhome Analysis
For the condo and townhome segment, 21 units sold with an average market time of 17 days. The average sale price in this category was $279,519.
| Metric | 30 Days |
|---|---|
| Number Sold | 21 |
| Sold Per Day | 1 every 1.43 days |
| Average SQFT | 1440 |
| Median Sales Price | $293,500 |
| Average Sales Price | $279,519 |
| Average Price Per SQFT | $190 |
| Average Days on Market | 17 |
| Average Year Built | 1981 |
Buyer & Seller Analysis
- Pace of 2.10 properties sold per day across the market.
- Average days on market for sold properties is about 16 days.
- The average sale price for single-family homes is $801,129.
- The average sale price for condos and townhomes is $279,519.
Conclusion
Overall, the market in Minnetonka shows a steady pace with reasonably quick turnover times. Interested parties should consider these trends when evaluating their options in this market.