Lake Minnetonka Real Estate Market Trends
Stay informed on Lake Minnetonka's real estate market. Our quarterly reports provide insights into home values, sales activity, and market trends to help buyers and sellers make informed decisions.
Lake Minnetonka Area Q2 Housing Market Report
Q2 2025 Market Stats:
- 43 Lake Minnetonka Homes Sold
- Average List Price: $2,320,111
- Average Sale Price: $2,223,923
- Average Sold Price Per Sq/Ft: $658.20
- Average Buyer Discount: 4.1%
- Average Days on Market: 84.4 days
Key Takeaways:
Lake Minnetonka waterfront homes maintained steady demand in Q2, with 43 properties sold, a slight increase from the 41 properties sold in Q2 2024. Most homes spent around 84 days on the market, which was slightly more than last year's average of 66 days. Homes sold for about 95.9% of the list price, slightly higher than last year's average of 94.8%. Although prices remain strong, the market is showing signs of balance as buyers become more selective, with 89 active lake homes available as of today.
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