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Short Sale Listings in Minnetonka, MN 55305

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Minnetonka, MN Foreclosures

How much do homes sell for in Minnetonka, MN?
The average home price is currently $537,617.
In Minnetonka, MN, how many homes are available?
There are currently 2 active home listings available in Minnetonka.
What’s the average rental cost in Minnetonka, MN?
The average rental price in Minnetonka is $2,217.
What is the most expensive home in Minnetonka?
The most expensive home sold in Minnetonka had a price of $27,833,500.
What is currently the cheapest priced home in Minnetonka, MN?
The cheapest home for sale in Minnetonka is priced at $100,043.

Living in Minnetonka, MN

Minnetonka, MN is a lovely suburb known for its stunning natural scenery and thriving community. It offers a great balance of city life and outdoor leisure activities, making it popular among families and professionals. Excellent schools and a variety of amenities enhance its appeal as a desirable place to live.

Current Market Conditions in Minnetonka, MN

The real estate market in Minnetonka is currently experiencing a steady increase in demand, characterized by a decline in available inventory. The median home prices have risen approximately 5% over the past year, reflecting the area's desirability and limited housing options. Many buyers are looking for single-family homes, leading to quicker sales and stronger competition among buyers.

Investors and homeowners are taking note of the growth potential in Minnetonka, as its proximity to urban centers continues to draw new residents. The luxury market is particularly robust, with high-end listings often attracting multiple offers. As the area develops further, properties in Minnetonka are expected to remain an attractive investment opportunity.

Home Value Estimator For Minnetonka, MN

There are currently 13,912 real estate properties in Minnetonka, MN, with a median automated valuation model (AVM) price of $498,500.00. 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 $537,617.00, with the most expensive house in Minnetonka, MN, topping out at $27,833,500.00 and the cheapest home in Minnetonka, MN, clocking in at $100,043.00. 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 $2,217.00. Indeed, when looking to rent in Minnetonka, MN, you can expect to pay as little as $820.00 or as much as $4,720.00, with the average rent median estimated to be $2,120.00. 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.

Minnetonka, MN 55305 Short Sale Listings

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