Sale prices by area / Minnetonka
Minnetonka: what homes actually sold for
Every sale below comes from the certificate of real estate value (eCRV) filed with the state when property changes hands. The median arm's-length price in 2026 was $520,000, up 76% from $295,000 in 2015.
Median price (2026)
$520,000
Sales in 2026
359
Investor/entity buyers
13%
Median sale price by year
| Year | Median | Middle half | Sales | Investor share |
|---|---|---|---|---|
| 2015 | $295,000 | $205,000 to $415,250 | 992 | 13.4% |
| 2016 | $303,000 | $205,000 to $434,750 | 1,155 | 12.0% |
| 2017 | $320,000 | $223,250 to $447,375 | 1,094 | 12.6% |
| 2018 | $338,000 | $240,000 to $470,000 | 1,027 | 13.0% |
| 2019 | $350,000 | $250,700 to $479,900 | 1,129 | 11.3% |
| 2020 | $385,000 | $271,000 to $535,250 | 1,140 | 8.6% |
| 2021 | $425,000 | $285,000 to $610,250 | 1,232 | 10.4% |
| 2022 | $456,000 | $315,000 to $660,000 | 965 | 14.6% |
| 2023 | $451,250 | $320,000 to $650,750 | 778 | 14.4% |
| 2024 | $492,500 | $329,750 to $680,250 | 784 | 14.2% |
| 2025 | $490,000 | $350,000 to $720,000 | 829 | 13.8% |
| 2026 | $520,000 | $320,000 to $690,000 | 359 | 13.1% |
Arm's-length sales only: gifts, related-party transfers, and sales flagged as non-market are excluded, as are prices under $3,000. Investor share counts sales where a buyer is an organization (LLC, trust, company) rather than an individual.
Largest sales in the last 12 months
| 10955 Wayzata Boulevard | December 8, 2025 | $57,500,000 |
| 9650, 9700 and 9710 Waterstone PL | August 28, 2025 | $39,000,000 |
| 10900 Red Circle Drive | October 9, 2025 | $23,069,000 |
| 4312 Shady Oak Road | December 22, 2025 | $19,750,000 |
| 15225 - 15305 Minnetoka Blvd. | December 19, 2025 | $18,300,000 |
| 5401 Smetana Drive | August 12, 2025 | $8,700,000 |
| 10213, 10233 & 10253 34th Street West | January 15, 2026 | $4,800,000 |
| 6031-6035 Culligan Way | September 30, 2025 | $4,250,000 |
Large transactions are often commercial or multi-parcel deals, not single homes.
Wondering how your own assessment compares to what homes really sell for? Check your address with the free assessment lookup, run the two-minute appeal checkup, and know this year's appeal deadlines.
Source: Minnesota Department of Revenue eCRV weekly sales extracts, October 2014 to present, updated weekly. Medians and shares are computed from arm's-length sales as described above.