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Condo Foreclosures in Minnetonka, MN 55343

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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 5 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 vibrant suburban community known for its excellent schools, beautiful parks, and diverse recreational opportunities. With easy access to Minneapolis, it offers residents the perfect blend of suburban living and proximity to city life. Ideal for families and outdoor enthusiasts alike, Minnetonka showcases a welcoming atmosphere and a strong sense of community.

Current Market Conditions in Minnetonka, MN

The real estate market in Minnetonka has seen steady growth over the past year, with a particularly strong demand for single-family homes. The city's desirable location, excellent schools, and beautiful natural surroundings contribute to its appeal to homebuyers.

Currently, the inventory is low, leading to competitive bidding for homes on the market. The average home price has increased, reflecting the area's desirability and the overall positive trend in the local housing market.

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 55343 Condos

Market Trend for Minnetonka, MN

Total Listings Available: 5

Market Values:

Home Prices from $100,043 to $27,833,500

Average Sales Price: $537,617

Rental Values:

Rental from $820 to $4,720

Average Rent Value: $2,217 / month

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