From April through June of 2018, there were five homes sold, with a median sale price of $1,150,000 - a 142.1% increase over the $475,000 median sale price for the same period of the previous year. There were 10 homes sold in Tonka Bay in the second quarter of 2017.
The median sales tax in Tonka Bay for the most recent year with available data, 2015, was $6,040, approximately 0.5% of the median home sale price for the second quarter of 2018.
The following table compares Tonka Bay to other Hennepin County cities with similar median sales prices in the second quarter of 2018:
| City | Apr. - June 2018 Home Sales | Apr. - June 2017 Home Sales | % change (Total Home Sales) | Apr. - June 2018 Median Sales Price | Apr. - June 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Tonka Bay | 5 | 10 | -50% | $1,150,000 | $475,000 | 142.1% |
| Minnetonka Beach | 4 | 4 | 0% | $974,250 | $2,457,500 | -60.4% |
| Orono | 51 | 68 | -25% | $750,000 | $450,500 | 66.5% |
| Excelsior | 10 | 9 | 11.1% | $726,750 | $350,000 | 107.6% |
| Greenwood | 9 | 5 | 80% | $680,000 | $975,000 | -30.3% |
| Medina | 44 | 38 | 15.8% | $643,750 | $629,750 | 2.2% |
| Woodland | 2 | 4 | -50% | $641,000 | $1,106,250 | -42.1% |
| Deephaven | 17 | 22 | -22.7% | $632,000 | $637,250 | -0.8% |
| Wayzata | 17 | 18 | -5.6% | $600,000 | $618,400 | -3% |
| Edina | 210 | 232 | -9.5% | $541,750 | $545,000 | -0.6% |
| Hanover | 4 | 4 | 0% | $494,444 | $418,000 | 18.3% |
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