Call or Text (240) SELL-123

MINNETONKA, MN 55345

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

Market Overview

Active Listings
41
⇩ 25.5% vs 55 last year
Pending
21
51% pending ratio
Median Price
$639,000
⇧ 22.9% vs $519,950 last year
Average Price
$938,671
⇧ 24.8% vs $752,116 last year
Days on Market
71
⇧ 7.6% vs 66 days last year

Market Context

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

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

Market Analysis

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

The MINNETONKA, MN real estate market (55345) currently shows 41 active listings, with 21 pending sales. Homes are averaging 71 days on the market before going under contract.

Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 71 days on market compared to 66 days last year.

The median listing price has risen 22.9% year-over-year, from $519,950 to $639,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 41 this year vs 55 last year
  • Days on market: 71 now vs 66 last year

Median & Average Pricing

Year over Year
  • Median: $639,000 (+22.9% YoY)
  • Average: $938,671 (+24.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 9.5 miles — 712 listings ($883,849,164 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55345Minnetonka, MN 553450.0 mi41$38,485,511$639,000$938,671
55343Hopkins, MN 553433.3 mi43$13,565,683$250,000$315,481
55391Wayzata, MN 553914.2 mi88$238,939,008$2,222,500$2,715,216
55317Chanhassen, MN 553175.2 mi43$35,242,026$392,450$819,582
55426Minneapolis, MN 554265.8 mi57$18,829,779$299,900$330,347
55347Eden Prairie, MN 553476.0 mi97$85,538,674$638,950$881,842
55331Excelsior, MN 553316.2 mi107$242,654,386$1,695,000$2,267,798
55424Minneapolis, MN 554247.1 mi27$52,012,557$1,950,000$1,926,391
55384Spring Park, MN 553847.4 mi13$10,657,400$555,000$819,800
55435Minneapolis, MN 554357.9 mi39$11,873,121$147,450$304,439
55438Minneapolis, MN 554388.1 mi29$11,662,060$312,500$402,140
55446Minneapolis, MN 554468.9 mi71$64,065,004$594,950$902,324
55364Mound, MN 553649.5 mi57$60,323,955$492,500$1,058,315

Frequently Asked Questions

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

As of January 2026, there are 41 active listings in MINNETONKA, MN (zip code 55345), compared to 55 the prior year.

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

The median listing price in MINNETONKA, MN 55345 is $639,000 as of January 2026, a 22.9% increase from $519,950 the prior year.

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

Homes in MINNETONKA, MN 55345 spend an average of 71 days on the market before going under contract, compared to 66 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 January 2026, MINNETONKA, MN 55345 is currently a Balanced Market. Inventory has tightened compared to last year, with 14 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 71 days on market compared to 66 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 $12,780 compared to a typical 5% commission on the median listing price of $639,000. 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.