Compare cities · September 2026
Minnetonka vs. Prior Lake
Homes in Prior Lake sold for a median $500,000 over the 12 months through September 2026, 0% more than in Minnetonka ($499,700). Homes sold faster in Minnetonka: 49 days on market on average, against 62 in Prior Lake. Prior Lake's homes are newer, with a median year built of 1998 against 1981. Minnetonka is closer to downtown Minneapolis: about 20 minutes by car, against 36. The two are about 14 miles apart.
Housing market, 12 months through September 2026
| Measure | Minnetonka | Prior Lake |
|---|---|---|
| Median sale price | $499,700 | $500,000 |
| Change from a year earlier | −0.1% | +2.3% |
| Homes sold | 774 | 423 |
| Days on market | 49 | 62 |
| Share of original list price | 97.9% | 97.2% |
| Price per square foot | $242 | $228 |
| New listings | 1,103 | 636 |
| Homes for sale (September 2026) | 209 | 131 |
| Months of supply (September 2026) | 3.3 | 3.8 |
Source: Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
The homes
| Measure | Minnetonka | Prior Lake |
|---|---|---|
| Median home value (owner estimate) | $475,800 | $450,700 |
| Median year built | 1981 | 1998 |
| Single-family homesShare of all housing units, detached houses | 64% | 87% |
| Owner-occupied homes | 72% | 86% |
| Median rent | $1,779 | $1,654 |
Source: US Census Bureau, American Community Survey 2020–2024.
The place
| Measure | Minnetonka | Prior Lake |
|---|---|---|
| Population (2024) | 52,651 | 28,018 |
| Land area | 26.9 sq mi | 16.3 sq mi |
| Drive to Downtown Minneapolis | 20 min | 36 min |
| Drive to Downtown Saint Paul | 34 min | 42 min |
| Drive to MSP Airport | 28 min | 31 min |
| Drive to Mall of America | 25 min | 28 min |
| Drive to University of Minnesota | 25 min | 39 min |
| Average commute to work | 19.3 min | 24.7 min |
| Lakes of 10+ acresMinnesota DNR lake outlines touching the city | 11 | 10 |
Source: US Census Bureau 2024 estimates and TIGER/Line; drive times from OpenStreetMap routing (light traffic).
Minnetonka
School districts: Hopkins Public School District, Minnetonka Public School District, Wayzata Public School District
Largest lakes: Lake Minnetonka (14,206 acres), Gleason Lake (167 acres), Shady Oak Lake (91 acres), Glen Lake (60 acres), Gray's Bay Outlet Lake (25 acres)
Prior Lake
School districts: Prior Lake-Savage Area Schools, Shakopee Public School District
Largest lakes: Lower Prior Lake (956 acres), Spring Lake (592 acres), Upper Prior Lake (386 acres), Campbell Lake (62 acres), Howard Lake (61 acres)
How we compare places: by their homes, housing market and location only, from public sources, never by who lives there. Medians describe the middle home; both places have homes well above and below them.
Quick answers
Minnetonka or Prior Lake?
Is Minnetonka or Prior Lake more expensive?
Prior Lake. The median sale price was $500,000 there and $499,700 in Minnetonka over the 12 months through September 2026, according to the Minneapolis Area REALTORS® Local Market Update. The median is the middle sale, so both have homes well above and below it.
Where do homes sell faster, Minnetonka or Prior Lake?
Minnetonka: 49 days on market on average against 62, over the 12 months through September 2026.
Which is closer to downtown Minneapolis?
Minnetonka, about 20 minutes by car in light traffic (36 from Prior Lake). To downtown Saint Paul: 34 minutes from Minnetonka, 42 from Prior Lake.
How far apart are Minnetonka and Prior Lake?
About 14 miles in a straight line between their centers.
Which has more lakes, Minnetonka or Prior Lake?
Minnetonka has more: 11 lakes of 10+ acres touch Minnetonka (largest: Lake Minnetonka) and 10 touch Prior Lake (largest: Lower Prior Lake), by Minnesota DNR lake outlines.
Which school districts serve Minnetonka and Prior Lake?
Minnetonka: Hopkins Public School District, Minnetonka Public School District and Wayzata Public School District. Prior Lake: Prior Lake-Savage Area Schools and Shakopee Public School District. School district lines don't follow city lines, so check the district for a specific address before you buy.
Should I buy in Minnetonka or Prior Lake?
It depends on your budget, the kind of home you want and where you need to get to each day. This page compares the homes, prices and locations; a Huerkamp Home Group agent can show you homes in both and walk you through what's selling now.
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Deciding between them?
See homes in Minnetonka and Prior Lake.
A Huerkamp Home Group agent can show you homes in both, tell you what's selling and for how much right now, and help you decide. There's no cost to buyers.