From January through December of 2021, there were 501 homes sold, with a median sale price of $470,000 - a 11.4% increase over the $422,000 median sale price for the previous year. There were 487 homes sold in Minnetonka in 2020.
The median sales tax in Minnetonka for the most recent year with available data, 2019, was $4,782, approximately 1% of the median home sale price for 2021.
The following table compares Minnetonka to other Hennepin County cities with similar median sale prices in 2021:
| City | Jan. - Dec. 2021 Home Sales | Jan. - Dec. 2020 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2021 Median Sales Price | Jan. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Independence | 46 | 40 | 15% | $647,875 | $573,577.50 | 13% |
| Wayzata | 46 | 47 | -2.1% | $632,500 | $720,000 | -12.2% |
| Minnetrista | 143 | 145 | -1.4% | $560,000 | $480,000 | 16.7% |
| Shorewood | 80 | 99 | -19.2% | $537,500 | $503,500 | 6.8% |
| Excelsior | 22 | 19 | 15.8% | $480,000 | $680,000 | -29.4% |
| Minnetonka | 501 | 487 | 2.9% | $470,000 | $422,000 | 11.4% |
| Eden Prairie | 608 | 455 | 33.6% | $454,000 | $415,000 | 9.4% |
| Dayton | 53 | 50 | 6% | $450,000 | $302,500 | 48.8% |
| Plymouth | 747 | 715 | 4.5% | $440,000 | $378,900 | 16.1% |
| Corcoran | 69 | 52 | 32.7% | $425,000 | $376,000 | 13% |
| Greenfield | 38 | 30 | 26.7% | $416,000 | $410,625 | 1.3% |
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