In May, there were 51 homes sold, with a median sale price of $470,555 - a 6.3 percent increase over the $442,500 median sale price for the same period of the previous year. There were 36 homes sold in Minnetonka in May 2021.
The median sales tax in Minnetonka for the most recent year with available data, 2019, was $4,782, approximately one percent of the median home sale price for May.
The following table compares Minnetonka to other Hennepin County cities with similar median sale prices in May:
| City | May 2022 Home Sales | May 2021 Home Sales | % change (Total Home Sales) | May 2022 Median Sales Price | May 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Minnetrista | 14 | 13 | 7.7 | $577,113 | $785,000 | -26.5 |
| Orono | 13 | 14 | -7.1 | $576,000 | $582,500 | -1.1 |
| Wayzata | 6 | 3 | 100 | $569,500 | $1,200,000 | -52.5 |
| Eden Prairie | 61 | 59 | 3.4 | $506,000 | $517,000 | -2.1 |
| Plymouth | 76 | 56 | 35.7 | $480,500 | $397,500 | 20.9 |
| Minnetonka | 51 | 36 | 41.7 | $470,555 | $442,500 | 6.3 |
| Rogers | 26 | 20 | 30 | $457,450 | $416,200 | 9.9 |
| Shorewood | 6 | 6 | 0 | $456,000 | $505,663 | -9.8 |
| Golden Valley | 35 | 20 | 75 | $440,000 | $430,000 | 2.3 |
| Mound | 14 | 5 | 180 | $427,000 | $435,000 | -1.8 |
| Tonka Bay | 3 | 1 | 200 | $410,000 | $2,420,000 | -83.1 |
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