Minnetonka home prices rise in January 2020

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The median sale price of a home sold in January 2020 in Minnetonka rose by $75,750 while total sales decreased by 10.5%, according to BlockShopper.com.

In January 2020, there were 34 homes sold, with a median sale price of $436,750 - a 21% increase over the $361,000 median sale price for the same period of the previous year. There were 38 homes sold in Minnetonka in January 2019.

The median sales tax in Minnetonka for the most recent year with available data, 2015, was $4,183, approximately 1% of the median home sale price for January 2020.

The following table compares Minnetonka to other Hennepin County cities with similar median sales prices in January 2020:

City
Jan. 2020 Home Sales
Jan. 2019 Home Sales
% change (Total Home Sales)
Jan. 2020 Median Sales Price
Jan. 2019 Median Sales Price
% change (Median Sales Price)
Wayzata
2
6
-66.7%
$566,500
$551,450
2.7%
Spring Park
2
0
-
$534,950
$0
-
Minnetrista
14
12
16.7%
$529,950
$371,500
42.7%
Shorewood
5
8
-37.5%
$520,000
$448,700
15.9%
Dayton
3
2
50%
$460,000
$418,750
9.9%
Minnetonka
34
38
-10.5%
$436,750
$361,000
21%
Eden Prairie
32
62
-48.4%
$423,000
$351,000
20.5%
Hanover
1
0
-
$410,266.68
$0
-
Greenfield
2
2
0%
$385,500
$329,976
16.8%
Plymouth
39
61
-36.1%
$350,000
$355,000
-1.4%
Golden Valley
15
21
-28.6%
$325,000
$346,500
-6.2%

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