August 2021: Home prices in Minnetonka increased

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The median sale price of a home sold in August 2021 in Minnetonka rose by $22,000 while total sales decreased by 56.6%, according to

In August 2021, there were 23 homes sold, with a median sale price of $448,000 - a 5.2% increase over the $426,000 median sale price for the same period of the previous year. There were 53 homes sold in Minnetonka in August 2020.

The median sales tax in Minnetonka for the most recent year with available data, 2019, was $4,782, approximately 1.1% of the median home sale price for August 2021.

The following table compares Minnetonka to other Hennepin County cities with similar median sale prices in August 2021:

CityAug. 2021 Home SalesAug. 2020 Home Sales% change (Total Home Sales)Aug. 2021 Median Sales PriceAug. 2020 Median Sales Price% change (Median Sales Price)
Long Lake21100%$600,000$314,90090.5%
Golden Valley917-47.1%$490,000$409,90019.5%
Eden Prairie2831-9.7%$450,250$450,0000.1%
Maple Grove3580-56.3%$372,558$403,600-7.7%
St. Anthony24-50%$365,000$414,825-12%

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