Lake Minnetonka Area November 2025 Housing Market Report
November 2025 Market Stats:
- 9 Lake Minnetonka Homes Sold
- Average List Price: $2,096,667
- Average Sale Price: $1,985,556
- Average Sold Price Per Sq/Ft: $590.08
- Average Buyer Discount: 5.3%
- Average Days on Market: 51.1 days
- Max Price: $3,200,000
Key Takeaways:
Lake Minnetonka’s lakeshore market remained strong in November, with 9 homes sold, just slightly fewer than the 10 sold in November 2024, reflecting continued demand for well-located waterfront properties. Homes averaged 51 days on market, significantly faster than last year’s 114-day average, indicating that qualified buyers are acting decisively when compelling opportunities hit the market. The sale-to-list ratio averaged 94.7%, just below last year’s 96.9%, and continues to underscore the market’s resilience despite broader economic shifts. Prices remain historically high, while buyers benefit from a robust inventory of 59 active lake homes, offering more selection than in many prior years.
Got Questions?