Link to Short Video With the Numbers: 

Minnetonka MN Real Estate 2025 vs 2024

The Minnetonka real estate market continues to show strength in 2025, with steady growth across several key indicators. Compared to 2024, both home values and sales activity are on the rise—signaling continued demand in one of the Twin Cities’ most desirable suburbs.

The average sales price has increased to $610,486, marking a 9.1% jump year-over-year. This kind of growth highlights Minnetonka’s ongoing appeal, driven by its location, amenities, and strong community reputation.

Price per square foot has also climbed, now averaging $237—up 4.2% from last year. This suggests that buyers are not only willing to pay more overall, but also placing higher value on the space they’re purchasing.

Homes are taking slightly longer to sell, with average days on market increasing from 44 days in 2024 to 49 days in 2025. While this represents a modest slowdown, it’s important to note that homes are still selling at a healthy pace compared to historical norms.

Interestingly, sellers are still achieving strong results. The average list-to-sale price ratio has increased slightly to 98.5%, indicating that well-priced homes are continuing to attract competitive offers.

Inventory is also growing, with a 10.2% increase in homes listed. At the same time, the number of homes sold has risen by 10.4%, showing that buyer demand is keeping up with the increase in supply.

So what does this mean for buyers and sellers?

For sellers, this remains a strong market. Rising prices and solid demand create an opportunity to maximize your home’s value—especially with the right pricing and marketing strategy.

For buyers, while prices are increasing, the growing inventory provides more options and slightly more breathing room during the decision-making process.

The bottom line: Minnetonka’s market is not slowing down—it’s evolving in a healthy, sustainable way.

If you’re thinking about making a move, understanding how these trends apply to your specific situation is key to making the right decision.