From January through December of 2021, there were 23 homes sold, with a median sale price of $733,000 - a 8.4% decrease over the $800,000 median sale price for the previous year. There were 17 homes sold in Tonka Bay in 2020.
The median sales tax in Tonka Bay for the most recent year with available data, 2019, was $6,533, approximately 0.9% of the median home sale price for 2021.
The following table compares Tonka Bay to other Hennepin County cities with similar median sale prices in 2021:
| City | Jan. - Dec. 2021 Home Sales | Jan. - Dec. 2020 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2021 Median Sales Price | Jan. - Dec. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Minnetonka Beach | 9 | 3 | 200% | $1,285,868 | $1,905,000 | -32.5% |
| Medicine Lake | 1 | 3 | -66.7% | $990,000 | $574,000 | 72.5% |
| Orono | 117 | 104 | 12.5% | $899,900 | $497,500 | 80.9% |
| Deephaven | 47 | 54 | -13% | $825,000 | $635,500 | 29.8% |
| Medina | 87 | 87 | 0% | $762,600 | $600,000 | 27.1% |
| Tonka Bay | 23 | 17 | 35.3% | $733,000 | $800,000 | -8.4% |
| Spring Park | 10 | 13 | -23.1% | $712,500 | $648,500 | 9.9% |
| Edina | 561 | 505 | 11.1% | $685,000 | $575,000 | 19.1% |
| Independence | 46 | 40 | 15% | $647,875 | $573,577.50 | 13% |
| Wayzata | 46 | 47 | -2.1% | $632,500 | $720,000 | -12.2% |
| Minnetrista | 143 | 145 | -1.4% | $560,000 | $480,000 | 16.7% |
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