How did home prices perform in Minnetonka during January 2021?

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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

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:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Golden Valley915-40%$457,000$325,00040.6%
Long Lake23-33.3%$399,450$285,00040.2%
Eden Prairie1241-70.7%$361,250$450,000-19.7%
St. Anthony12-50%$334,000$194,707.5071.5%
St. Louis Park1644-63.6%$311,725$302,2503.1%

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