From January through March of 2018, there were five homes sold, with a median sale price of $950,000 - a 94.1% increase over the $489,500 median sale price for the same period of the previous year. There were six homes sold in Tonka Bay in the first quarter of 2017.
The median sales tax in Tonka Bay for the most recent year with available data, 2015, was $6,040, approximately 0.6% of the median home sale price for the first quarter of 2018.
The following table compares Tonka Bay to other Hennepin County cities with similar median sales prices in the first quarter of 2018:
| City | Jan. - Mar. 2018 Home Sales | Jan. - Mar. 2017 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2018 Median Sales Price | Jan. - Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Woodland | 2 | 0 | - | $3,932,868.50 | $0 | - |
| Greenwood | 2 | 1 | 100% | $2,534,500 | $1,325,000 | 91.3% |
| Hanover | 1 | 4 | -75% | $979,000 | $404,996 | 141.7% |
| Tonka Bay | 5 | 6 | -16.7% | $950,000 | $489,500 | 94.1% |
| Minnetonka Beach | 2 | 1 | 100% | $870,000 | $722,900 | 20.3% |
| Wayzata | 24 | 14 | 71.4% | $755,929.50 | $551,622.50 | 37% |
| Medina | 28 | 22 | 27.3% | $670,000 | $620,000 | 8.1% |
| Medicine Lake | 2 | 0 | - | $612,223.43 | $0 | - |
| Orono | 41 | 36 | 13.9% | $587,500 | $606,000 | -3.1% |
| Shorewood | 25 | 29 | -13.8% | $545,000 | $497,500 | 9.5% |
| Independence | 11 | 9 | 22.2% | $510,525 | $570,000 | -10.4% |
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