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LakeMinnetonkaRealEstate.com
Report prepared by LakeMinnetonkaRealEstate.com
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Market at a glance

Over the last 6 months, homes sold for 100.2% of list price in 81 days on average.

Average price, last 12 months

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

List · $419K Sold · $417K
$440K$420K$400K$380K
OctNovDecJanFebMarAprMayJunJulAugSep

Homes sold per month

Closed sales, last 12 months.

Sold tab (last 6 months) Earlier

Peak: 9,560 sales in Jun. Last month: 7,238.

Where the market stands

All homes in this report, by status.

85,417homes
Active28,908 · 34%
Under contract8,560 · 10%
Sold (6 mo)47,949 · 56%

Buyer's or seller's market?

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

3.6months of inventory
Seller's, under 4BalancedBuyer's, over 6

Homes are selling quickly, which favors sellers in this market.

Average price by status

Active$471K
Under contract$474K
Sold$427K

Average days on market

Active804 days
Under contract49 days
Sold81 days

Browse homes by status

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

Active homes

Currently for sale
Homes for sale 28,908
Average list price $470,735
Avg. days on market 804 days
Avg. price per ft² $359
Avg. living area 2,236 ft²
Avg. beds / baths 3.4 / 2.6

Charts and listings below cover the 250 highest-priced of 28,908 homes.

Price vs. living area

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

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

2 homes are larger or pricier than this chart’s scale and aren’t shown.

$30M$20M$10M$0

Price vs. living area: 143 homes plotted, up to $30M and 15,000 ft².

0 ft²5,00010,00015,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

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

Highest price per ft²

Top 7 homes in this status.

36003 Schaller Lane$5,000
7880 County Road 16$4,881
2182 Homestead Trail$3,401
10814 Herschel River Road$2,663
8 Merilane$2,381
372 Ferndale Road S$2,133
1480 Bracketts Point Road$1,921

Active listings (250 of 28,908)

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
2770 Gale RoadWayzata, MN 55391 81828,990$50,000,000$1,724262 days
XXX Pike Lake TrailPrior Lake, MN 55372 ———$48,900,000—641 days
372 Ferndale Road SWayzata, MN 55391 71012,420$26,500,000$2,13327 days
2731 Gale RoadWayzata, MN 55391 7913,495$25,000,000$1,85270 days
1480 Bracketts Point RoadWayzata, MN 55391 778,636$16,595,000$1,921108 days
358 Ferndale Road SWayzata, MN 55391 489,921$16,450,000$1,658172 days
700 10th Street EWaconia, MN 55387 ———$16,143,000—153 days
10814 Herschel River RoadBrainerd, MN 56401 895,632$15,000,000$2,66313 days
3280 Fox StreetOrono, MN 55356 8912,713$14,950,000$1,175225 days
8X MerilaneEdina, MN 55436 ———$14,500,000—383 days
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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.