The median sale price of a home sold in the first quarter of 2017 in Minnetonka rose by $16,620 while total sales decreased by 6.5%, according to BlockShopper.com.
From January through March of 2017, there were 144 homes sold, with a median sale price of $326,120 – a 5.4% increase over the $309,500 median sale price for the same period of the previous year. There were 154 homes sold in Minnetonka in the first quarter of 2016.
The median sales tax in Minnetonka for the most recent year with available data, 2015, was $4,183, approximately 1.3% of the median home sale price for the first quarter of 2017.
The following table compares Minnetonka to other Hennepin County cities with similar median sales prices in the first quarter of 2017:
| City | Jan. – Mar. 2017 Home Sales | Jan. – Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. – Mar. 2017 Median Sales Price | Jan. – Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Hanover | 4 | 1 | 300% | $404,996 | $158,500 | 155.5% |
| Corcoran | 22 | 12 | 83.3% | $392,734.50 | $333,500 | 17.8% |
| Dayton | 16 | 23 | -30.4% | $385,000 | $301,000 | 27.9% |
| Eden Prairie | 135 | 159 | -15.1% | $337,000 | $305,000 | 10.5% |
| Plymouth | 175 | 237 | -26.2% | $334,000 | $332,600 | 0.4% |
| Minnetonka | 144 | 154 | -6.5% | $326,119.50 | $309,500 | 5.4% |
| Greenfield | 6 | 11 | -45.5% | $315,000 | $260,000 | 21.2% |
| Rogers | 33 | 41 | -19.5% | $292,900 | $252,000 | 16.2% |
| Golden Valley | 59 | 97 | -39.2% | $290,000 | $275,000 | 5.5% |
| Loretto | 1 | 3 | -66.7% | $290,000 | $258,500 | 12.2% |
| Long Lake | 3 | 6 | -50% | $280,000 | $257,250 | 8.8% |
