Lake Minnetonka Area October 2025 Housing Market Report

October 2025 Market Stats: 

• 20 Lake Minnetonka Homes Sold
• Average List Price: $2,543,500
• Average Sale Price: $2,416,625
• Average Sold Price Per Sq/Ft: $698.47
• Average Buyer Discount: 4.9%
• Average Days on Market: 86.6 days
• Max Price: $5,745,000

Key Takeaways: 

Lake Minnetonka’s lakeshore market remained strong this October. With 20 homes sold, activity nearly doubled compared to 11 sold in October 2024, reflecting continued demand for well-located waterfront properties. Homes averaged 86 days on market, slightly faster than the 94-day average last year, indicating qualified buyers continue to move when quality inventory becomes available. Sale-to-list ratios held steady at 95%, matching last year’s averages, and reaffirming the market’s resilience despite broader economic shifts. Prices remain historically high, yet buyers currently benefit from a robust inventory of 65 active lake homes—providing more selection than we’ve seen in previous years.

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