Minnetonka median home prices rose by 20.3% in the third quarter of 2021

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The median sale price of a home sold in the third quarter of 2021 in Minnetonka rose by $83,250 while total sales decreased by 2%, according to BlockShopper.com.

From July through September of 2021, there were 150 homes sold, with a median sale price of $493,250 - a 20.3% increase over the $410,000 median sale price for the same period of the previous year. There were 153 homes sold in Minnetonka in the third quarter of 2020.

The median sales tax in Minnetonka for the most recent year with available data, 2019, was $4,782, approximately 1% of the median home sale price for the third quarter of 2021.

The following table compares Minnetonka to other Hennepin County cities with similar median sale prices in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Tonka Bay45-20%$566,500$1,749,000-67.6%
Eden Prairie15813715.3%$452,000$415,000.108.9%

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