Lake Minnetonka Area August 2025 Housing Market Report
August 2025 Market Stats:
- 18 Lake Minnetonka Homes Sold
- Average List Price: $2,694,939
- Average Sale Price: $2,573,750
- Average Sold Price Per Sq/Ft: $672.87
- Average Buyer Discount: 4%
- Average Days on Market: 67.9 days
- Max Price: $8,500,000
Key Takeaways:
Lake Minnetonka waterfront homes continued to show healthy demand in August, with 18 properties sold, up from 13 in August 2024. Homes averaged 68 days on the market, closely aligned with last year’s 60-day average. Sellers saw slightly stronger returns, with homes selling for 96% of list price, compared to 95% a year ago - highlighting improved pricing power in today’s market.
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