Comprehensive market data and analysis• Updated Dec 2025
21.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 2 | 5 |
| 1-2 acres | - | - | 1 | 3 |
| 2-5 acres | - | - | - | - |
| 5-10 acres | - | - | - | - |
| 10-20 acres | - | - | - | - |
| 20-50 acres | - | - | - | - |
| 50-100 acres | - | - | - | - |
| 100+ acres | - | - | - | - |
| TOTAL | 0 | 2 | 3 | 8 |
Acreage buckets
The median price for land in Minnetonka, Minnesota is currently $328K per acre. For a typical parcel, the median sale price is $289K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $156K while premium lots reached $487K.
Minnetonka, Minnesota is currently a strong buyer's market with 21.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Minnetonka, Minnesota currently has 21.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
The current absorption rate in Minnetonka, Minnesota is 4.8% (3-month basis), indicating slow demand. The top-performing broker in this market is eXp Realty.
Over the past 12 months, Minnetonka, Minnesota saw 8 properties sold, totaling $2.5M in sales volume. In just the last 3 months, 2 properties changed hands.
Land in Minnetonka, Minnesota averages $333K per acre. The median price per acre is $328K, which may be more representative of typical transactions. Most parcels sold are around 40,729 sq ft.
The median land price in Minnetonka, Minnesota stands at $289K. This translates to roughly $328K per acre for the typical parcel size. The average price is $307K, indicating some higher-priced properties pulling up the average.
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
