The median sale price of a home sold in February 2022 in Minnetonka fell by $8,000 while total sales decreased by 8.3%, according to BlockShopper.com.
In February 2022, there were 22 homes sold, with a median sale price of $500,000 – a 1.6% decrease over the $508,000 median sale price for the same period of the previous year. There were 24 homes sold in Minnetonka in February 2021.
The median sales tax in Minnetonka for the most recent year with available data, 2019, was $4,782, approximately 1% of the median home sale price for February 2022.
The following table compares Minnetonka to other Hennepin County cities with similar median sale prices in February 2022:
| City | Feb. 2022 Home Sales | Feb. 2021 Home Sales | % change (Total Home Sales) | Feb. 2022 Median Sales Price | Feb. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Edina | 39 | 19 | 105.3% | $765,000 | $589,900 | 29.7% |
| Orono | 6 | 7 | -14.3% | $662,500 | $365,000 | 81.5% |
| St. Anthony | 2 | 5 | -60% | $608,750 | $442,000 | 37.7% |
| Minnetrista | 10 | 7 | 42.9% | $558,200 | $424,670 | 31.4% |
| Rogers | 2 | 4 | -50% | $553,500 | $351,000 | 57.7% |
| Minnetonka | 22 | 24 | -8.3% | $500,000 | $508,000 | -1.6% |
| Eden Prairie | 23 | 16 | 43.8% | $480,000 | $399,500 | 20.2% |
| Excelsior | 2 | 1 | 100% | $475,000 | $505,000 | -5.9% |
| Corcoran | 1 | 2 | -50% | $446,000 | $2,742,606.25 | -83.7% |
| Plymouth | 21 | 21 | 0% | $425,000 | $425,000 | 0% |
| Hanover | 2 | 0 | – | $414,025 | $0 | – |
