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Bankruptcy Homes in Minnetonka, MN

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Minnetonka, MN Foreclosures

How much do homes sell for in Minnetonka, MN?
The average home price is currently $543,396.
In Minnetonka, MN, how many homes are available?
There are currently 43 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 $27,833,500.
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 vibrant suburb of the Twin Cities, offering a blend of suburban charm with access to city amenities. Known for its beautiful parks and lakes, this family-friendly community is perfect for those seeking a high quality of life. With top-rated schools and convenient transportation options, Minnetonka is an excellent choice for families and professionals alike.

Current Market Conditions in Minnetonka, MN

The real estate market in Minnetonka has seen steady growth over the past year, with a noticeable increase in home values as demand continues to rise. The suburban appeal, coupled with desirable school districts and recreational facilities, attracts buyers from Minneapolis and surrounding areas.

Current trends indicate that homes are selling quickly, often above asking prices, especially in neighborhoods close to schools and parks. Despite rising interest rates, the limited inventory of homes for sale keeps competition high.

Home Value Estimator For Minnetonka, MN

There are currently 15,842 real estate properties in Minnetonka, MN, with a median automated valuation model (AVM) price of $503,566.00. 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 $543,396.00, 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 $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.

Minnetonka, MN Bankruptcy Homes

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