From April through June of 2019, there were seven homes sold, with a median sale price of $1,060,000 - a 7.8% decrease over the $1,150,000 median sale price for the same period of the previous year. There were five homes sold in Tonka Bay in the second quarter of 2018.
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 second quarter of 2019.
The following table compares Tonka Bay to other Hennepin County cities with similar median sales prices in the second quarter of 2019:
| City | Apr. - June 2019 Home Sales | Apr. - June 2018 Home Sales | % change (Total Home Sales) | Apr. - June 2019 Median Sales Price | Apr. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Tonka Bay | 7 | 5 | 40% | $1,060,000 | $1,150,000 | -7.8% |
| Greenwood | 5 | 9 | -44.4% | $900,000 | $680,000 | 32.4% |
| Woodland | 6 | 2 | 200% | $822,500 | $641,000 | 28.3% |
| Orono | 61 | 51 | 19.6% | $650,000 | $750,000 | -13.3% |
| Wayzata | 23 | 17 | 35.3% | $599,900 | $600,000 | -0% |
| Medina | 34 | 44 | -22.7% | $582,537.50 | $643,750 | -9.5% |
| Deephaven | 26 | 17 | 52.9% | $560,737.25 | $632,000 | -11.3% |
| Shorewood | 39 | 46 | -15.2% | $550,000 | $417,450 | 31.8% |
| Edina | 236 | 210 | 12.4% | $547,305 | $541,750 | 1% |
| Spring Park | 3 | 3 | 0% | $475,000 | $172,500 | 175.4% |
| Medicine Lake | 1 | 0 | - | $444,900 | $0 | - |
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