Minnetonka, MN Foreclosures
How much do homes sell for in Minnetonka, MN?
The average home price is currently $636,267.
In Minnetonka, MN, how many homes are available?
There are currently 56 active home listings available in Minnetonka.
What’s the average rental cost in Minnetonka, MN?
The average rental price in Minnetonka is $2,209.
What is the most expensive home in Minnetonka?
The most expensive home sold in Minnetonka had a price of $111,426,124.
What is currently the cheapest priced home in Minnetonka, MN?
The cheapest home for sale in Minnetonka is priced at $17,176.
Living in Minnetonka, MN
Minnetonka, MN, is a thriving suburb known for its excellent educational facilities and a wide variety of recreational activities. With scenic parks and lakes, along with robust transportation options, residents have the best of suburban and urban life. The community is family-friendly with a vibrant local economy and a strong sense of belonging.
Current Market Conditions in Minnetonka, MN
The real estate market in Minnetonka has remained relatively strong, characterized by steady demand for single-family homes, which are desirable for families seeking good schools and community amenities. The area has seen an uptick in home values, driven by low inventory and high buyer interest, particularly among families and professionals relocating from the Twin Cities.
Additionally, the market has attracted a range of buyers, from first-time homebuyers to those looking for luxury properties. As a result, bidding wars for popular properties have become more common, indicating a competitive market.
Sellers are often able to achieve prices close to or above their asking prices which can lead to a tight offer process. However, the introduction of new listings is gradually helping to balance the market as demand continues to remain strong.
Home Value Estimator For Minnetonka, MN
There are currently 16,366 real estate properties
in Minnetonka, MN,
with a median automated valuation model (AVM) price
of $502,412.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Minnetonka, MN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Minnetonka, MN,
is $636,267.00, with the most expensive house
in Minnetonka, MN, topping out
at $111,426,124.00 and the cheapest home
in Minnetonka, MN,
clocking in at $17,176.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Minnetonka, MN!
Rent Prices
In Minnetonka, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Minnetonka, MN, is on
a rollercoaster ride. The
average rent price in Minnetonka, MN,
is $2,209.00. Indeed, when looking to rent in
Minnetonka, MN, you can expect to pay as little
as $780.00 or as much
as $4,720.00,
with the average rent median estimated to
be $2,110.00. The good news is that finding
an affordable and desirable property to rent in Minnetonka, MN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
