Tonka Bay housing market
September 2026 report · NorthstarMLS data via Minneapolis Area REALTORS® · current as of October 7, 2026
- Median sale price$1.08M−14.1% vs. prior 12 months
- Homes sold19past 12 months, −32.1%
- Days on market41past 12 months
- Months of supply4.8end of September 2026
The short version
Tonka Bay in September 2026
Over the 12 months through September 2026, the median sale price in Tonka Bay was $1,085,000, down 14.1% from the 12 months before.
19 homes sold in that time (down 32.1%), and 39 new listings came on the market (up 30.0%).
Homes that sold spent 41 days on market, and sellers received 96.1% of their original list price.
At the end of September 2026 there were 10 homes for sale, 4.8 months of supply.
Only 1 home sold in Tonka Bay in September 2026, so that month's numbers can swing a lot. The 12-month figures above are steadier.
Single months can swing when few homes sell.
Show as a table
| Year | Median price |
|---|---|
| Oct 2024 | $519,000 |
| Nov 2024 | $445,000 |
| Dec 2024 | $2,185,000 |
| Jan 2025 | $1,745,000 |
| Feb 2025 | $537,500 |
| Mar 2025 | $3,900,000 |
| Apr 2025 | $1,685,000 |
| May 2025 | $2,300,000 |
| Jun 2025 | $1,085,000 |
| Jul 2025 | $994,440 |
| Aug 2025 | $1,250,000 |
| Sep 2025 | $1,187,500 |
| Dec 2025 | $2,050,000 |
| Jan 2026 | $565,000 |
| Feb 2026 | $550,000 |
| Apr 2026 | $1,085,000 |
| May 2026 | $617,000 |
| Jun 2026 | $2,150,000 |
| Jul 2026 | $2,640,000 |
| Sep 2026 | $560,000 |
Show as a table
| Year | Closed sales |
|---|---|
| Oct 2024 | 1 |
| Nov 2024 | 1 |
| Dec 2024 | 4 |
| Jan 2025 | 1 |
| Feb 2025 | 2 |
| Mar 2025 | 1 |
| Apr 2025 | 2 |
| May 2025 | 1 |
| Jun 2025 | 4 |
| Jul 2025 | 2 |
| Aug 2025 | 3 |
| Sep 2025 | 6 |
| Oct 2025 | 0 |
| Nov 2025 | 0 |
| Dec 2025 | 3 |
| Jan 2026 | 2 |
| Feb 2026 | 1 |
| Mar 2026 | 0 |
| Apr 2026 | 5 |
| May 2026 | 1 |
| Jun 2026 | 3 |
| Jul 2026 | 3 |
| Aug 2026 | 0 |
| Sep 2026 | 1 |
All the numbers
Tonka Bay vs. a year earlier
| September 2026 | 12 months through September 2026 | |||||
|---|---|---|---|---|---|---|
| Measure | Year before | This year | Change | Year before | This year | Change |
| Median sale price | $1,187,500 | $560,000 | −52.8% | $1,262,500 | $1,085,000 | −14.1% |
| Average sale price | $1,528,167 | $560,000 | −63.4% | $1,576,674 | $1,366,158 | −13.4% |
| Price per square foot | $483 | $231 | −52.1% | $529 | $495 | −6.5% |
| Closed sales | 6 | 1 | −83.3% | 28 | 19 | −32.1% |
| New listings | 3 | 5 | +66.7% | 30 | 39 | +30.0% |
| Days on market | 27 | 10 | −63.0% | 31 | 41 | +32.3% |
| % of original list price received | 95.4% | 97.4% | +2.1% | 94.8% | 96.1% | +1.4% |
| Homes for sale (end of month) | 7 | 10 | +42.9% | — | — | — |
| Months of supply | 2.6 | 4.8 | +84.6% | — | — | — |
Compared with the Twin Cities region (12 months)
| Area | Median price | Change | Days on market | % of list received | Months of supply |
|---|---|---|---|---|---|
| Tonka Bay | $1,085,000 | −14.1% | 41 | 96.1% | 4.8 |
| 16-county Twin Cities region | $395,000 | +1.3% | 50 | 98.4% | 3.2 |
Source: Minneapolis Area REALTORS® Local Market Update, Tonka Bay, September 2026. Data from NorthstarMLS; produced by ShowingTime Plus, LLC; current as of October 7, 2026. Does not account for seller concessions. Activity for one month can sometimes look extreme due to small sample size.
Quick answers
Tonka Bay market questions
What is the median home price in Tonka Bay, MN?
$1,085,000 over the 12 months through September 2026, down 14.1% from a year earlier, according to the Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data). In September 2026 alone it was $560,000.
How fast are homes selling in Tonka Bay?
Homes that sold in the 12 months through September 2026 spent 41 days on market (September 2026: 10 days).
Is Tonka Bay a buyer's or seller's market?
At the end of September 2026, Tonka Bay had 4.8 months of supply (10 homes for sale). Under about 4 months usually favors sellers; over about 6 favors buyers.
Keep exploring
More about Tonka Bay
Tonka Bay community guide Twin Cities market report
Past Tonka Bay reports
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