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

Over the last 12 months, homes sold for 99.5% of list price in 75 days on average.

Average price, last 12 months

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

List · $971K Sold · $949K
$990K$880K$770K$660K
OctNovDecJanFebMarAprMayJunJulAugSep

Homes sold per month

Closed sales, last 12 months.

Peak: 151 sales in Jun. Last month: 96.

Where the market stands

All homes in this report, by status.

1,498homes
Active324 · 22%
Under contract120 · 8%
Sold (12 mo)1,054 · 70%

Buyer's or seller's market?

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

2.8months of inventory
Seller's, under 4BalancedBuyer's, over 6

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

Average price by status

Active$1.34M
Under contract$1.13M
Sold$826K

Average days on market

Active88 days
Under contract96 days
Sold75 days

Browse homes by status

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

Active homes

Currently for sale
Homes for sale 324
Average list price $1,340,335
Avg. days on market 88 days
Avg. price per ft² $379
Avg. living area 3,502 ft²
Avg. beds / baths 3.8 / 3.6

Charts and listings below cover the 250 highest-priced of 324 homes.

Price vs. living area

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

21 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.

$6M$4M$2M$0

Price vs. living area: 227 homes plotted, up to $6M 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.

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

Highest price per ft²

Top 7 homes in this status.

520 Queensland Lane N$3,906
372 Ferndale Road S$2,133
358 Ferndale Road S$1,658
201 Lake Street E Unit 111$1,532
201 Lake Street E Unit 104$1,451
201 Lake Street E Unit 114$1,427
201 Lake Street E Unit 311$1,420

Active listings (250 of 324)

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
372 Ferndale Road SWayzata, MN 55391 71012,420$26,500,000$2,13329 days
358 Ferndale Road SWayzata, MN 55391 489,921$16,450,000$1,658174 days
326 Ferndale Road WWayzata, MN 55391 5712,139$5,922,000$48747 days
TBD Bushaway RoadWayzata, MN 55391 ———$4,995,000—30 days
1989 Dwight LaneMinnetonka, MN 55305 3610,614$4,750,000$447197 days
201 Lake Street E Unit 115Wayzata, MN 55391 233,283$4,577,750$1,39448 days
201 Lake Street E Unit 301Wayzata, MN 55391 233,236$4,531,000$1,40077 days
406 Zachary Lane NPlymouth, MN 55441 ———$4,500,000—1,937 days
935 Lake Street E Unit 403Wayzata, MN 55391 333,193$3,995,000$1,25135 days
726 Widsten CircleWayzata, MN 55391 455,312$3,950,000$743111 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.