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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 71 days on average.

Average price, last 12 months

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

List · $1.08M Sold · $1.14M
$1.6M$1.3M$1M$700K
OctNovDecJanFebMarAprMayJunJulAugSep

Homes sold per month

Closed sales, last 12 months.

Peak: 80 sales in Jun. Last month: 59.

Where the market stands

All homes in this report, by status.

878homes
Active192 · 22%
Under contract41 · 5%
Sold (12 mo)645 · 73%

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$1.9M
Under contract$1.3M
Sold$1.05M

Average days on market

Active91 days
Under contract136 days
Sold71 days

Browse homes by status

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

Active homes

Currently for sale
Homes for sale 192
Average list price $1,896,028
Avg. days on market 91 days
Avg. price per ft² $454 Based on 161 of 192 homes
Avg. living area 3,723 ft² Based on 161 of 192 homes
Avg. beds / baths 3.9 / 3.7

Price vs. living area

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

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

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

$15M$10M$5M$0

Price vs. living area: 158 homes plotted, up to $15M 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.

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

Highest price per ft²

Top 7 homes in this status.

1000 Gale Island$5,366
2731 Gale Road$1,852
2770 Gale Road$1,724
3845 Northome Road$1,643
5150 Meadville Street$1,465
20100 Lakeview Avenue$1,193
20465 Linwood Road$1,133

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
2770 Gale RoadWayzata, MN 55391 81828,990$50,000,000$1,724267 days
2731 Gale RoadWayzata, MN 55391 7913,495$25,000,000$1,85275 days
20100 Lakeview AvenueDeephaven, MN 55331 579,926$11,850,000$1,193170 days
17950 Breezy Point RoadWoodland, MN 55391 61219,893$9,499,000$477148 days
1000 Gale IslandShorewood, MN 55331 331,351$7,250,000$5,36667 days
3845 Northome RoadDeephaven, MN 55391 454,380$7,200,000$1,64382 days
2505 Cedar Point DriveWayzata, MN 55391 469,683$6,000,000$619259 days
20465 Linwood RoadExcelsior, MN 55331 555,285$5,990,000$1,13368 days
5150 Meadville StreetExcelsior, MN 55331 443,616$5,299,900$1,465141 days
xxx Meadville StreetExcelsior, MN 55331 ———$5,299,000—65 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.