Lake Minnetonka Area January 2026 Housing Market Report
January 2026 Market Stats:
- 5 Lake Minnetonka Homes Sold
- Average List Price: $4,157,933
- Average Sale Price: $3,739,333
- Average Sold Price Per Sq/Ft: $526.51
- Average Buyer Discount: 10.07%
- Average Days on Market: 153.8 days
- Max Price: $9,125,000
Key Takeaways:
Lake Minnetonka’s lakeshore market remained steady in January, with five homes sold - matching January of last year. However, homes average 153 days on market, significantly longer than last year's 28-day pace, showing buyers are being more selective at higher price points. The sale-to-list ratio averaged 89.9%, down from last year's 97%, reflecting increased negotiation while still demonstrating long-term demand for quality lakeshore properties. Inventory currently sits at 34 active lake homes, giving buyers more selection than we've seen in recent years. Well-positioned and properly marketed properties, however, continue to attract serious interest.
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