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Minnetonka Market Trends

Today, December 1, 2009

Median Sales Price in Minnetonka

Embed Info
1 yr 5 yr Max
Minnetonka median sales prices
Number of sold homes in Minnetonka
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$105,000-7.5%$81,250$113,500$180,000
2 bedrooms$185,000-2.6%$187,000$190,000$227,500
3 bedrooms$260,000+0.8%$263,000$257,900$266,000
4 bedrooms$294,700+2.7%$304,500$287,000$383,375
All properties$247,000+2.7%$259,900$240,500$257,600
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Minnetonka Summary

The median sales price for homes in Minnetonka MN for Aug 09 to Oct 09 was $247,000. This represents a decline of 5%, or $12,900, compared to the prior quarter and an increase of 2.7% compared to the prior year. Sales prices have depreciated 4.1% over the last 5 years in Minnetonka.

The average listing price for Minnetonka homes for sale on Trulia was $484,220 for the week ending Nov 25, which represents a decline of 1.9%, or $9,376, compared to the prior week and a decline of 2.3%, or $11,631, compared to the week ending Nov 04. Average price per square foot for Minnetonka MN was $186, an increase of 0% compared to the same period last year.

 

Average Listing Price in Minnetonka

Embed Info
1 yr 5 yr Max
Minnetonka average property price
Minnetonka – number of properties
No. BedroomsWeek ending
Nov 25
w-o-wWeek ending
Nov 18
Week ending
Nov 11
Week ending
Nov 4
1 bedroom$129,175-2.5%$132,420$133,028$129,315
2 bedrooms$227,054+2.2%$222,174$227,652$229,049
3 bedrooms$433,179-3.7%$449,732$459,558$451,455
4 bedrooms$584,498-2.1%$596,766$597,488$608,098
All properties$484,220-1.9%$493,596$500,892$495,851
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Average Price Per Sqft for Homes in Minnetonka

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1 yr 5 yr Max
Minnetonka average price per square foot
No. BedroomsAug - Oct '09y-o-y3 months prior1 year prior5 years prior
1 bedroom$106-4.5%$99$111$186
2 bedrooms$164-1.2%$181$166$199
3 bedrooms$208+3.0%$214$202$222
4 bedrooms$178-13.2%$177$205$245
All properties$1860.0%$193$186$215
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Homes for Sale in Minnetonka

5404 Kimberly Road, Minnetonka MN
5404 Kimbe…
$299,900
4 br  1 ½ ba
14036 Royal Court, Minnetonka MN
14036 Royal…
$274,900
4 br  1 ba
13901 Knollway Drive South, Minnetonka MN
13901 Knol…
$229,000
4 br  1 ba
17310 Creek Ridge Pass, Minnetonka MN
17310 Creek…
$369,000
4 br  3 ½ ba
5645 Green Circle Drive #106, Minnetonka MN
5645 Green…
$129,900
2 br  2 ba
11440 Minnetonka Mills Road, Minnetonka MN
11440 Minn…
$155,000
2 br  1 ½ ba
View all Minnetonka Homes for Sale
 
Stats & Trends
Minnetonka

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  • 55305
  • 55343
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Nearby Cities

Cities
Median
sales price
Average
listing price
Hopkins
$184,750
$286,655
Eden Prairie
$268,500
$483,512
Medicine Lake
$666,000
$682,333
Plymouth
$255,750
$369,915
New Hope
$167,500
$190,536
Golden Valley
$225,000
$391,351
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Advice

Recent Q&A in Minnetonka, MN

Q: If I pay cash for a home, will there still be closing costs? If so how do I calculate what those might be? 6 answers
Q: If a bank gives you a counter offer, can you counter offer back at them? Or is that the banks lowest offer? 9 answers
Q: When does a bank stop accepting offers on a house they own? 4 answers
Q: Would you recommend a real estate agent who will help me buy a starter home in Minnetonka area. Thanks 5 answers
Q: Is there a market in Minnetonka right now for homes around $350K? 2 answers

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More Advice:
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Nearby Cities Home Prices

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Minnetonka Stats & Trends

  • Minnetonka Real Estate Overview
  • Minnetonka Schools
  • Minnetonka Community Info
  • Minnetonka Home Prices
  • Minnetonka Real Estate
  • Minnetonka Recently Sold Homes

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Our real estate market trends page gives you a valuable overview of the Minnetonka real estate market. Find Minnetonka properties, sales statistics, real estate price trends, and real estate market activity. Find detailed information on Minnetonka average and median listing prices, home value trends, and average price per square feet information for single family homes, condos, and other property types. Real estate market data is segmented by the number of bedrooms and Minnetonka housing statistics are available for each Minnetonka, MN neighborhood.
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About this Info
Average Listing Price for the most recent week available is based on daily list price data for resale and new homes on Trulia and is compared to the same period one week prior.

Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Median Sales Price is the price at which one half of the homes sold above that amount and one half of the homes sold below that amount. Median Sales Price is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.

Number of Sales is a count of all known arms-length residential property sales over the prior 90-day period. Volume for All Bedrooms may be higher than the total volume for 1-4 Bedrooms. All Bedrooms includes not only 1-4 Bedrooms but also 5+ Bedrooms and records where the number of bedrooms is unknown.

 
   
About this Info
Average Price per Square Foot is based on sales during the most recent 90-day period available and is updated each week to include recent transactions from public record data sources.