Minnetonka is seeing a steady flow of homes, with 130 properties on the market and 94 new listings in March 2026. Pending sales reached 80, and they were up 8.11% compared to last year, showing buyers are actively writing offers. Even with a 7.44% month-over-month rise in inventory, the market is still tight at just 2.2 months of supply, which supports its current seller’s market label.
Prices are responding to this balance of demand and limited supply in interesting ways. The typical home value sits around $525,000, up 6.71% over the past year and 1.94% just since the previous month, and it is notably higher than Hennepin County’s $390,000 typical value.
List prices, however, softened a bit, with the median list price at $520,000 and projected to ease to about $492,550 next month, while 20.77% of listings saw a price drop. Homes are moving in a median of 25 days, and about 33.9% of recent sales closed above the list price, with an average sale-to-list ratio very close to full price at 0.996. Looking ahead to April 2026, typical values are projected to edge up to $530,000 and inventory to 134, suggesting sellers still hold an advantage even as buyers gain a bit more selection. Whether buyers want to navigate these shifting prices or sellers hope to capitalize on strong demand, Agent Pronto can connect both with a Minnetonka agent who understands these trends.
