Market report, updated November 5, 2026

Lake Minnetonka Market Report

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Report prepared by LakeMinnetonkaRealEstate.com

(952) 473-1000

Welcome to the Lake Minnetonka Market Report – your window into one of Minnesota's most coveted real estate destinations. This comprehensive report will serve you well as you navigate through the intricate landscape of Lake Minnetonka's housing market. We delve deep into the data, unveiling trends, property values, and investment opportunities, providing you with the knowledge needed to make informed decisions in and around Lake Minnetonka.

Market Reports by City: Deephaven, Excelsior, Greenwood, Minnetonka, Minnetonka Beach, Minnetrista, Mound, Orono, Shorewood, Spring Park, Tonka Bay, Victoria, Wayzata & Woodland.

School District Market Reports: Minnetonka Schools, Orono Schools, Wayzata Schools, Westonka Schools.

Market at a glance

Over the last 6 months, homes sold for 96.4% of list price in 98 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $3.95M Sold · $3.64M

$4.2M$3.2M$2.2M$1.2M

NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

2 N

3 D

4 J

0 F

0 M

16 A

11 M

18 J

19 J

25 A

21 S

16 O

Peak: 25 sales in Aug. Last month: 16.

Where the market stands

All homes in this report, by status.

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

5.0months of inventory

Seller's, under 4BalancedBuyer's, over 6

Supply and demand are roughly in balance in this market.

Average price by status

Active$4.59M

Under contract$3.48M

Sold$2.71M

Average days on market

Active103 days

Under contract124 days

Sold98 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale

Homes for sale 92

Average list price $4,585,931

Avg. days on market 103 days

Avg. price per ft² $807 Based on 74 of 92 homes

Avg. living area 5,380 ft² Based on 74 of 92 homes

Avg. beds / baths 4.1 / 4.8

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

18 homes didn’t report living area and aren’t shown.

1 home is larger or pricier than this chart’s scale and isn’t shown.

$30M$20M$10M$0

Price vs. living area: 73 homes plotted, up to $30M and 30,000 ft².

0 ft²10,00020,00030,000 ft²

How long homes have been listed

Number of homes by days on market.

12 0–30 days

40 31–90

25 91–180

14 181–365

1 365+

Bedroom mix

Number of homes by bedroom count.

17 homes didn’t report bedrooms and aren’t shown.

27 ≤3 bd

20 4 bd

16 5 bd

4 6 bd

4 7 bd

4 8+ bd

Highest price per ft²

Top 7 homes in this status.

1000 Gale Island$5,366

372 Ferndale Road S$2,133

1480 Bracketts Point Road$1,921

2770 Gale Road$1,724

358 Ferndale Road S$1,658

2425 N Shore Drive$1,591

5150 Meadville Street$1,465

All active listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
4363 Wilshire Boulevard Unit 210Mound, MN 55364	1	1	628	$234,900	$374	2 days
5125 West StreetGreenwood, MN 55331	3	4	2,401	$2,250,000	$937	8 days
2928 Pelican Point CircleMound, MN 55364	3	3	3,468	$2,099,000	$605	8 days
4397 Wilshire Boulevard Unit E305Mound, MN 55364	2	1	892	$199,900	$224	9 days
423 Lake StreetExcelsior, MN 55331	2	2	1,101	$1,100,000	$999	9 days
2412 Lafayette RoadMinnetonka Beach, MN 55391	5	5	5,001	$5,699,000	$1,139	9 days
5440 Three Points Boulevard Unit 523Mound, MN 55364	2	1	978	$170,000	$173	10 days
1105 Ferndale Road WOrono, MN 55391	4	4	4,054	$5,395,000	$1,330	13 days
3700 Casco AvenueOrono, MN 55391	5	7	7,465	$8,995,000	$1,204	16 days
4080 Dahl RoadOrono, MN 55364	5	5	4,188	$1,800,000	$429	17 days

Under contract homes

Pending and contingent sales

Homes under contract 18

Average list price $3,480,577

Avg. days on market 124 days

Avg. price per ft² $700 Based on 16 of 18 homes

Avg. living area 4,536 ft² Based on 16 of 18 homes

Avg. beds / baths 4.1 / 4.4

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

2 homes didn’t report living area and aren’t shown.

$9M$6M$3M$0

Price vs. living area: 16 homes plotted, up to $9M and 15,000 ft².

0 ft²5,00010,00015,000 ft²

Days on market before going under contract

Number of homes by days on market.

3 0–30 days

6 31–90

5 91–180

3 181–365

1 365+

Bedroom mix

Number of homes by bedroom count.

2 homes didn’t report bedrooms and aren’t shown.

5 ≤3 bd

5 4 bd

3 5 bd

2 6 bd

1 7 bd

0 8+ bd

Highest price per ft²

Top 7 homes in this status.

4041 N Shore Drive$1,019

4750 Baycliffe Drive$994

2408 Commerce Boulevard Unit 101$909

2408 Commerce Boulevard Unit 201$894

3350 Northome Road$891

2 Maclynn Road$879

2626 Crosby Road$855

All under contract listings

Click a column to sort

Address	Beds	Baths	Living ft²	List price	$ / ft²	Days on market
2408 Commerce Boulevard Unit 101Mound, MN 55364	2	3	2,200	$2,000,000	$909	3 days
21957 Minnetonka Boulevard Unit 17Excelsior, MN 55331	2	2	2,236	$1,499,700	$670	14 days
2626 Crosby RoadMinnetonka, MN 55391	3	4	2,688	$2,300,000	$855	24 days
4100 Enchanted LaneMound, MN 55364	7	6	9,096	$5,495,000	$604	35 days
555 Bushaway RoadWayzata, MN 55391	—	—	—	$5,595,000	—	52 days
535 Bushaway RoadWayzata, MN 55391	—	—	—	$5,395,000	—	52 days
3350 Northome RoadDeephaven, MN 55391	4	4	4,370	$3,895,000	$891	63 days
1145 Cove CircleMinnetrista, MN 55364	5	4	3,687	$1,349,900	$366	75 days
2 Maclynn RoadExcelsior, MN 55331	4	5	3,405	$2,995,000	$879	84 days
4770 Manitou RoadExcelsior, MN 55331	4	5	4,820	$3,450,000	$715	94 days

Sold homes

Closed in the last 6 months

Homes sold 108

Average sold price $2,710,489

Avg. days to sell 98 days Based on 106 of 108 homes

Sold vs. list price 96.4% Based on 107 of 108 homes

Avg. price per ft² $647 Based on 103 of 108 homes

Avg. living area 3,695 ft² Based on 103 of 108 homes

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

5 homes didn’t report living area and aren’t shown.

1 home is larger or pricier than this chart’s scale and isn’t shown.

$9M$6M$3M$0

Price vs. living area: 102 homes plotted, up to $9M and 9,000 ft².

0 ft²3,0006,0009,000 ft²

How long homes took to sell

Number of homes by days on market.

2 homes didn’t report days on market and aren’t shown.

11 0–30 days

53 31–90

31 91–180

9 181–365

2 365+

Bedroom mix

Number of homes by bedroom count.

5 homes didn’t report bedrooms and aren’t shown.

44 ≤3 bd

30 4 bd

24 5 bd

5 6 bd

0 7 bd

0 8+ bd

Highest price per ft²

Top 7 homes in this status.

20670 Linwood Road$1,748

5080 Meadville Street$1,431

2492 Bantas Point Road$1,342

547 Harrington Road$1,313

520 Ferndale Road W$1,284

2222 Huntington Point Road W$1,224

3335 Crystal Bay Road$1,152

Sold price vs. list price

How close homes sold to their asking price.

31% sold at or above asking

1 home didn’t report both a list and a sold price and isn’t shown.

38 Under 95%

26 95–98%

10 98–100%

21 100–102%

12 Over 102%

All sold listings

Click a column to sort

Address	Beds	Baths	Living ft²	Sold price	Sold / list	$ / ft²	Days to sell
2670 Woolsey LaneWoodland, MN 55391	5	7	6,122	$6,227,200	89.6%	$1,017	279 days
1065 Bayside LaneMinnetrista, MN 55364	4	6	5,987	$3,715,000	100.7%	$620	105 days
3926 Cherry AvenueOrono, MN 55364	5	5	5,064	$4,295,000	100.0%	$848	37 days
3061 Lake Shore BoulevardMinnetonka, MN 55391	6	5	5,999	$2,955,000	98.5%	$492	128 days
3035 Casco Point RoadWayzata, MN 55391	4	4	4,466	$3,050,000	91.0%	$682	149 days
5036 Enchanted RoadMound, MN 55364	4	5	3,784	$1,630,000	100.0%	$430	34 days
2948 Pelican Point CircleMound, MN 55364	3	3	3,357	$1,725,000	88.5%	$513	149 days
1936 Shorewood LaneMound, MN 55364	4	4	4,419	$2,299,900	100.0%	$520	78 days
280 Big IslandOrono, MN 55331	1	1	1,178	$850,000	89.5%	$721	72 days
1284 Wildhurst TrailOrono, MN 55364	5	5	4,515	$3,695,000	96.0%	$818	0 days

Questions about this market?

These numbers move every month. For what they mean for your home, or for a home you have your eye on, get in touch.

LakeMinnetonkaRealEstate.com

Call (952) 473-1000

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.