Housing Prices in Tonka Bay, MN
How much do homes in Tonka Bay, MN cost?
Median List Price
$1,550,000
$389/sqft
Based on all homes listed in the last 12 months.
Difference Since March 2023
Key Takeaway
The list price of homes in Tonka Bay has increased by 74.9% since last year.
Summary: The median home list price in Tonka Bay was $1,550,000 in March 2024, up 74.9% from the previous year, and the median price per square foot was $389.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $438K | N/A |
| 3 Bedrooms | $599K | $950K | +58.6% |
| 4 Bedrooms | $811.5K | $2.3M | +195.1% |
| 5+ Bedrooms | $1.4M | $1.8M | +25.9% |
Summary: Tonka Bay housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 58.6%, 4 bedroom homes increased by 195.1%, and 5+ bedroom homes increased by 25.9%.
Median List Price Compared To Nearby Cities
| Tonka Bay | $886.1K | $1.5M | +74.9% |
| Shorewood | $770K | $734.2K | -4.6% |
Housing Supply in Tonka Bay, MN
How many homes are available in Tonka Bay, MN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Summary: The Tonka Bay real estate market had 4 homes for sale in March 2024, a 42.9% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 0 | -100.0% |
| 3 Bedrooms | 1 | 1 | 0.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Tonka Bay housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Days on Market for Tonka Bay, MN
How long does it take to sell a home in Tonka Bay, MN?
Average Listing Age
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 162 Days | 117 Days | -27.7% |
Summary: Homes in Tonka Bay had an average listing age of 117 days in Mar 2024, down by 27.7% compared to the previous year.
