Lake Minnetonka Real Estate Market Update – September 2025

Powered by Hays + Baker Real Estate
Your #1 Trusted Source for Lake Minnetonka Real Estate

Each month, we provide accurate, hyper-local market data and expert insights to help you make smart decisions—whether you’re buying, selling, or just keeping a pulse on the lake.

September 2025 Market Snapshot

  • New Listings: 135
  • Closed Sales: 93
  • Median Sales Price: $850,000
  • Average Sales Price: $1,230,492
  • Price Per Square Foot: $377
  • Percent of Original List Price Received: 97.5%
  • Days on Market Until Sale: 56
  • Inventory of Homes for Sale: 336
  • Months Supply of Inventory: 4.0

September Trends & Local Insights

The Lake Minnetonka real estate market remained strong in September 2025, showing steady buyer demand and upward price movement across most segments.

Closed sales jumped 20.8% compared to last year, even as new listings dipped slightly by 2.2%. This combination reflects continued competition for desirable homes, particularly in well-located lake and luxury neighborhoods.

The median sales price surged 26.9% year-over-year, rising from $670,000 to $850,000. While the average sales price declined 9.4%, this likely indicates a shift toward more midrange properties within the overall mix of sales—not a drop in value.

Homes took an average of 56 days to sell, up slightly from last year’s 53, suggesting a modest cooling but still an active and well-paced market. Sellers received an impressive 97.5% of their original list price, showing that well-priced homes continue to draw strong interest.

Inventory levels rose about 5%, but the months’ supply of homes edged down to 4.0, keeping the market tilted toward sellers while gradually moving toward balance.

Overall, the Lake Minnetonka area continues to show strength heading into the final quarter of 2025. With steady demand, solid pricing, and an expanding mix of inventory, both buyers and sellers are finding meaningful opportunities in this iconic lakeside market.

Download the Full Report (PDF)

Download the full report
The PDF includes full stats, neighborhood breakdowns, year-over-year comparisons, and market trend analysis.

Previous Monthly Reports

Why Locals Trust Hays + Baker Real Estate

  • We’re not just another real estate website — we’re Lake Minnetonka insiders.
  • Backed by local experts at Hays + Baker Real Estate
  • Monthly market data you won’t find anywhere else
  • Hyper-local insights and neighborhood breakdowns
  • Trusted by homebuyers, sellers, and investors across the West Metro

Ready to Buy or Sell on Lake Minnetonka?

Work directly with the Hays + Baker Real Estate Team — the trusted local experts who live, work, and sell along every bay and shoreline of Lake Minnetonka.

Contact Hays + Baker Today

Expert Commentary from Hays + Baker Real Estate

“The Lake Minnetonka real estate market saw a big jump in new listings, up 30% from last year, giving buyers more options. Despite this increase, closed sales held steady, showing buyers are being more selective.

Prices remain strong, with the median sales price rising nearly 6% year-over-year and the average price climbing over 10%, especially in the luxury segment. Homes are taking a bit longer to sell, averaging 61 days on market compared to 57 a year ago.

Overall, the market remains healthy and competitive. Sellers continue to benefit from rising values, while buyers now have more inventory to choose from.”

— The Hays + Baker Real Estate Team