Call or Text (240) SELL-123
Glen Lake (Glenlake) Groveland Oak Terrace

MINNETONKA, MN 55345

Real Estate Market Report  ·  Hennepin County
Balanced Market
March 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 55345

Glen Lake (Glenlake) · Groveland · Oak Terrace

Market Analysis

Data as of March 2026. Source: Realtor.com.

The MINNETONKA, MN real estate market (55345) currently shows 72 active listings, with 39 pending sales. Homes are averaging 29 days on the market before going under contract.

Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice.

Homes are selling faster, averaging 29 days on market compared to 35 days last year.

The median listing price has risen 13% year-over-year, from $594,950 to $672,500.

Whether you are buying or selling in MINNETONKA, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for MINNETONKA, MN 55345 and connect with motivated buyers & sellers.
Contact SELL123.com →

Market Context

Market Context

Population: 21,440  ·  Density: 728.2/mi²  ·  Median household income: $134,288

Typical home value: $451,788  ·  Homeownership: 84.0%

Market Overview

Active Listings
72
⇧ 18% vs 61 last year
Pending
39
54% pending ratio
Median Price
$672,500
⇧ 13% vs $594,950 last year
Average Price
$967,227
⇧ 19.1% vs $812,020 last year
Days on Market
29
⇩ 17.1% vs 35 days last year

Price Per Square Foot

Median $/sqft
$254
⇧ 6.3% vs $239/sqft last year
Median Home Size
2,858 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 72 this year vs 61 last year
  • Days on market: 29 now vs 35 last year

Median & Average Pricing

Year over Year
  • Median: $672,500 (+13% YoY)
  • Average: $967,227 (+19.1% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.5 miles — 855 listings ($1,136,147,991 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55345Minnetonka, MN 553450.0 mi55$51,561,180$629,725$937,476
55343Hopkins, MN 553433.3 mi48$17,794,128$297,400$370,711
55391Wayzata, MN 553914.2 mi109$352,358,305$2,417,000$3,232,645
55317Chanhassen, MN 553175.2 mi56$48,269,760$459,500$861,960
55426Minneapolis, MN 554265.8 mi70$24,178,980$318,475$345,414
55347Eden Prairie, MN 553476.0 mi101$89,170,880$639,725$882,880
55331Excelsior, MN 553316.2 mi124$286,156,412$1,740,239$2,307,713
55424Minneapolis, MN 554247.1 mi41$76,883,200$1,878,750$1,875,200
55384Spring Park, MN 553847.4 mi13$10,432,734$550,000$802,518
55435Minneapolis, MN 554357.9 mi49$17,061,849$172,450$348,201
55438Minneapolis, MN 554388.1 mi34$14,375,540$324,750$422,810
55446Minneapolis, MN 554468.9 mi87$75,028,539$581,100$862,397
55364Mound, MN 553649.5 mi68$72,876,484$489,975$1,071,713

Frequently Asked Questions

How many homes are for sale in MINNETONKA, MN 55345?

As of March 2026, there are 72 active listings in MINNETONKA, MN (zip code 55345), compared to 61 the prior year.

What is the median home price in MINNETONKA, MN 55345?

The median listing price in MINNETONKA, MN 55345 is $672,500 as of March 2026, a 13% increase from $594,950 the prior year.

How long do homes stay on the market in MINNETONKA, MN?

Homes in MINNETONKA, MN 55345 spend an average of 29 days on the market before going under contract, compared to 35 days the prior year.

Is it a seller's or buyer's market in MINNETONKA, MN 55345?

Based on current inventory and days-on-market data as of March 2026, MINNETONKA, MN 55345 is currently a Balanced Market. Inventory has increased compared to last year, with 11 more homes available — giving buyers more choice. Homes are selling faster, averaging 29 days on market compared to 35 days last year.

How much can I save on real estate commission in MINNETONKA, MN?

With SELL123.com's maximum 3% commission, sellers in MINNETONKA, MN 55345 save an estimated $13,450 compared to a typical 5% commission on the median listing price of $672,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.