Minnetonka is seeing a relatively lean but active pool of homes, with 118 properties on the market and 82 new listings in February 2026. Buyers have about 3 months of supply to choose from, and homes are taking a median of 86 days to go under contract. Pending sales reached 54 for the month, showing that well‑priced homes are still drawing offers despite slower pace.
Prices are reacting strongly to this setup, with the typical home value at $515,000, up 21.18% from last year and 9.05% just since January. The median list price climbed to $574,950, rising 9.51% month over month as sellers test higher price points.
Even with higher pricing, about 17.95% of sales closed above list, and the average sale‑to‑list ratio sits at 0.97, indicating buyers are negotiating but not seeing steep discounts. Roughly 19.49% of listings saw a price drop, a sign that some homes start too high and adjust to meet demand. Inventory is down 8.53% from last year yet rose 21.65% month over month, and Minnetonka’s typical values stand well above Hennepin County’s $375,000 level, highlighting its premium positioning. With projected gains in typical value to $536,375 and inventory nudging up to 128 homes, both buyers and sellers can benefit from partnering with Agent Pronto to find an agent who understands these trends and how to navigate them.
