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 Q3 Housing Market Report
Q3 2025 Market Stats:
- 49 Lake Minnetonka Homes Sold
- Average List Price: $2,522,417
- Average Sale Price: $2,408,719
- Average Sold Price Per Sq/Ft: $648.04
- Average Buyer Discount: 4.5%
- Average Days on Market: 68.9 days
Key Takeaways:
Lake Minnetonka waterfront homes maintained steady demand in Q3, with 49 properties sold, a slight increase from the 41 properties sold in Q3 2024. Most homes spent around 68 days on the market, which was slightly more than last year's average of 53 days. Homes sold for about 95.5% of the list price, slightly lower than last year's average of 96.6%. Although prices remain strong, the market is showing signs of balance as buyers become more selective. As of today, 71 active lake homes are available, with an average of 96.4 days on the market.
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