In February 2022, there were four homes sold, with a median sale price of $1,235,450 - a 214% increase over the $393,500 median sale price for the same period of the previous year. There were two homes sold in Tonka Bay in February 2021.
The median sales tax in Tonka Bay for the most recent year with available data, 2019, was $6,533, approximately 0.5% of the median home sale price for February 2022.
The following table compares Tonka Bay to other Hennepin County cities with similar median sale prices in February 2022:
| City | Feb. 2022 Home Sales | Feb. 2021 Home Sales | % change (Total Home Sales) | Feb. 2022 Median Sales Price | Feb. 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Maple Plain | 2 | 0 | - | $3,445,988.52 | $0 | - |
| Independence | 1 | 2 | -50% | $2,600,000 | $950,000 | 173.7% |
| Shorewood | 1 | 5 | -80% | $2,144,000 | $390,000 | 449.7% |
| Medicine Lake | 1 | 0 | - | $1,700,000 | $0 | - |
| Tonka Bay | 4 | 2 | 100% | $1,235,450 | $393,500 | 214% |
| Medina | 1 | 2 | -50% | $970,000 | $1,217,500 | -20.3% |
| Edina | 39 | 19 | 105.3% | $765,000 | $589,900 | 29.7% |
| Orono | 6 | 7 | -14.3% | $662,500 | $365,000 | 81.5% |
| St. Anthony | 2 | 5 | -60% | $608,750 | $442,000 | 37.7% |
| Minnetrista | 10 | 7 | 42.9% | $558,200 | $424,670 | 31.4% |
| Rogers | 2 | 4 | -50% | $553,500 | $351,000 | 57.7% |
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