The median sale price of a home sold in January 2021 in Minnetonka fell by $47,000 while total sales decreased by 77.8%, according to BlockShopper.com.
In January 2021, there were eight homes sold, with a median sale price of $385,000 - a 10.9% decrease over the $432,000 median sale price for the same period of the previous year. There were 36 homes sold in Minnetonka in January 2020.
The median sales tax in Minnetonka for the most recent year with available data, 2019, was $4,782, approximately 1.2% of the median home sale price for January 2021.
The following table compares Minnetonka to other Hennepin County cities with similar median sale prices in January 2021:
| City | Jan. 2021 Home Sales | Jan. 2020 Home Sales | % change (Total Home Sales) | Jan. 2021 Median Sales Price | Jan. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wayzata | 1 | 3 | -66.7% | $520,000 | $770,000 | -32.5% |
| Golden Valley | 9 | 15 | -40% | $457,000 | $325,000 | 40.6% |
| Minnetrista | 3 | 16 | -81.3% | $444,500 | $474,325 | -6.3% |
| Long Lake | 2 | 3 | -33.3% | $399,450 | $285,000 | 40.2% |
| Rogers | 4 | 6 | -33.3% | $386,500 | $281,875 | 37.1% |
| Minnetonka | 8 | 36 | -77.8% | $385,000 | $432,000 | -10.9% |
| Plymouth | 8 | 51 | -84.3% | $377,500 | $355,000 | 6.3% |
| Eden Prairie | 12 | 41 | -70.7% | $361,250 | $450,000 | -19.7% |
| St. Anthony | 1 | 2 | -50% | $334,000 | $194,707.50 | 71.5% |
| Mound | 2 | 10 | -80% | $314,950 | $275,000 | 14.5% |
| St. Louis Park | 16 | 44 | -63.6% | $311,725 | $302,250 | 3.1% |
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