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Tonka Bay, MN real estate

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Agent Pronto analyzes transaction data, agent specialties, and client reviews to handpick the best agents in your area. Updated for June 2026. *


* Sales data is calculated based on transaction information available to Agent Pronto at the time of publishing and may not accurately reflect all transactions for a given agent.

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Tonka Bay real estate Market Report.

Information and statistics on the latest trends in the Tonka Bay real estate market. *

Latest Rolling 3-Month Snapshot

Mar 1, 2026 - May 31, 2026

Median sale price
$617K
+9.6% from Q1 '26
Median list price
$1.3M
-12% from Q1 '26
Active listings
21
+24% from Q1 '26
Homes sold
7
+75% from Q1 '26
New pendings
9
+50% from Q1 '26
New listings
12
+9.1% from Q1 '26

Quarterly Pricing Trends for Tonka Bay

Rolling three-month data ending on quarter boundaries when available.

Quarterly Pricing Trends for Tonka Bay Q2 '21 Q2 '22 Q2 '23 Q2 '24 Q2 '25 Q1 '26 Median sale price in Apr 2021 - Jun 2021: $660K Median sale price in Jul 2021 - Sep 2021: $1.3M Median sale price in Oct 2021 - Dec 2021: $569K Median sale price in Jan 2022 - Mar 2022: $710K Median sale price in Apr 2022 - Jun 2022: $836K Median sale price in Jul 2022 - Sep 2022: $720K Median sale price in Oct 2022 - Dec 2022: $2.6M Median sale price in Jan 2023 - Mar 2023: $6.2M Median sale price in Apr 2023 - Jun 2023: $1.1M Median sale price in Jul 2023 - Sep 2023: $1.9M Median sale price in Oct 2023 - Dec 2023: $1.9M Median sale price in Jan 2024 - Mar 2024: $1.7M Median sale price in Apr 2024 - Jun 2024: $1.7M Median sale price in Jul 2024 - Sep 2024: $2.4M Median sale price in Oct 2024 - Dec 2024: $1.9M Median sale price in Jan 2025 - Mar 2025: $1.2M Median sale price in Apr 2025 - Jun 2025: $1.3M Median sale price in Jul 2025 - Sep 2025: $1.1M Median sale price in Oct 2025 - Dec 2025: $2.1M Median sale price in Jan 2026 - Mar 2026: $563K Median list price in Apr 2021 - Jun 2021: $1.3M Median list price in Jul 2021 - Sep 2021: $1.6M Median list price in Oct 2021 - Dec 2021: $525K Median list price in Jan 2022 - Mar 2022: $675K Median list price in Apr 2022 - Jun 2022: $1.9M Median list price in Jul 2022 - Sep 2022: $2.7M Median list price in Oct 2022 - Dec 2022: $2.5M Median list price in Jan 2023 - Mar 2023: $490K Median list price in Apr 2023 - Jun 2023: $1.8M Median list price in Jul 2023 - Sep 2023: $1.7M Median list price in Oct 2023 - Dec 2023: $1.3M Median list price in Jan 2024 - Mar 2024: $470K Median list price in Apr 2024 - Jun 2024: $1.5M Median list price in Jul 2024 - Sep 2024: $2M Median list price in Oct 2024 - Dec 2024: $1.2M Median list price in Jan 2025 - Mar 2025: $2.3M Median list price in Apr 2025 - Jun 2025: $1.2M Median list price in Jul 2025 - Sep 2025: $1.2M Median list price in Oct 2025 - Dec 2025: $985K Median list price in Jan 2026 - Mar 2026: $1.4M Apr 2021 - Jun 2021 Median sale price $660K Median list price $1.3M Jul 2021 - Sep 2021 Median sale price $1.3M Median list price $1.6M Oct 2021 - Dec 2021 Median sale price $569K Median list price $525K Jan 2022 - Mar 2022 Median sale price $710K Median list price $675K Apr 2022 - Jun 2022 Median sale price $836K Median list price $1.9M Jul 2022 - Sep 2022 Median sale price $720K Median list price $2.7M Oct 2022 - Dec 2022 Median sale price $2.6M Median list price $2.5M Jan 2023 - Mar 2023 Median sale price $6.2M Median list price $490K Apr 2023 - Jun 2023 Median sale price $1.1M Median list price $1.8M Jul 2023 - Sep 2023 Median sale price $1.9M Median list price $1.7M Oct 2023 - Dec 2023 Median sale price $1.9M Median list price $1.3M Jan 2024 - Mar 2024 Median sale price $1.7M Median list price $470K Apr 2024 - Jun 2024 Median sale price $1.7M Median list price $1.5M Jul 2024 - Sep 2024 Median sale price $2.4M Median list price $2M Oct 2024 - Dec 2024 Median sale price $1.9M Median list price $1.2M Jan 2025 - Mar 2025 Median sale price $1.2M Median list price $2.3M Apr 2025 - Jun 2025 Median sale price $1.3M Median list price $1.2M Jul 2025 - Sep 2025 Median sale price $1.1M Median list price $1.2M Oct 2025 - Dec 2025 Median sale price $2.1M Median list price $985K Jan 2026 - Mar 2026 Median sale price $563K Median list price $1.4M
Median sale price
Median list price
* Data provided by Redfin, a national real estate brokerage.
23
Seller’s Market
Seller’s Market
Buyer’s Market
0
25
50
75
100

Market gauge is calculated using active listings and pending sales from the most recently available reporting period (Mar 2026 - May 2026).

Year-over-year, Tonka Bay’s rolling three-month numbers point to a notable reset in prices, with the typical home value down sharply even as overall activity holds up. At the same time, median list prices have slipped only slightly compared with a year ago, suggesting sellers are adjusting expectations more gradually than closed-sale data might imply.

In the latest rolling three-month period through May 2026, buyers saw a typical home value around $616,631 while the median list price was about $1.25 million. Inventory has expanded, with active listings up more than 40% from a year earlier to 21 homes, giving shoppers more options than they had last spring.

Sales activity has picked up alongside that added supply, as homes sold and pending sales are both running well above last year’s levels. With months of supply down steeply year over year to about 4.1 months and roughly 29% of recent sales closing above list price, Tonka Bay still leans toward sellers even as conditions moderate. Median days on market near 12 days show that well-priced homes can still move quickly, so both buyers and sellers can benefit from an Agent Pronto–recommended agent who understands these shifts and can guide them through the process.



Learn more about what Tonka Bay has to offer.

Tonka Bay offers residents a close-knit, lake-side community with scenic views, abundant outdoor recreation, and a welcoming, safe neighborhood atmosphere.

Tonka Bay sits along the lower shores of Lake Minnetonka, offering a small‑town feel with quick access to employment and entertainment in the west metro. Residents enjoy a primarily residential setting with well‑kept streets, mature trees, and close connections to neighboring communities like Minnetonka and Excelsior.

Daily life here centers on the lake. Public access at Gideon Bay and nearby Excelsior Commons supports boating, paddleboarding, and evening walks by the water. Families appreciate the strong reputation of Minnetonka Public Schools, including nearby Minnetonka High School, as well as the resources at Hennepin County Library – Excelsior.

Commuters can reach Eden Prairie and the Hennepin County job corridor via key routes like Highway 7 and 101, while everyday errands are handled in adjacent commercial areas with supermarkets, services, and dining. Local favorites in downtown Excelsior, including waterfront restaurants and coffee shops, are just minutes away.

Whether you are weighing a move to Tonka Bay or considering selling, a local real estate expert can help you interpret shoreline regulations, association rules, and micro‑neighborhood differences that affect both lifestyle and value. Agent Pronto connects buyers and sellers with agents who understand Tonka Bay’s amenities, accessibility, and housing stock, helping keep your next transaction focused and low stress.

Find your Tonka Bay real estate agent today →


Trusted by over 500,000 buyers and sellers.

See why so many people rely on Agent Pronto to make their real estate journey a success.

“Susan helped me sell my dad's house after he unexpectedly passed away in 2025. She was so kind and empathetic about my situation, and very patient as it took us months to empty the house before it was listed. But from the start she worked hard to get us the right resources and information. She was incredibly helpful during the selling process and gave great suggestions on price. She made the process pretty easy!”

Cyndi · Apple Valley, MN

Photo of Susan Jackson
RE/MAX Results
“I purchased my first home with the help of Heather Warner. From a quick google search of realators specializing in first time homebuyers I found the Barker Hedges team which led me to Heather. Leaning heavily on her experience I had unwavering faith in her to provide valuable consultation in all aspects of the house buying process. Strongly reccomend Heather to any homebuyers. She simplified the process for me tremedously and will was extremely honest in the house touring process. She will be a strong voice for you communicating at a very high level.”

Nate · Blaine, MN

Photo of Heather Warner
RE/MAX REMAX Results
“The team was efficient, thoughtful, disciplined and committed. The access to immediate contractor support was also helpful.”

PCG · Rochester, MN

Photo of Deanna Brumbaugh
RE/MAX Advantage Plus
“Jennifer was a pleasure to work with, along with being professional and educated on all aspects of the transaction. She was able to provide insight into the market and reacted to the situation. Plus we had lots of fun working together!”

Diane Smith · Tampa, FL

Photo of Jenny Dedrick
exp realty
“I had an exceptional experience working with my real estate agent in selling my house in Plymouth, Minnesota. He provided invaluable advice on repairs, staging, and pricing, ensuring that every aspect of the sale was optimized. He even took the time to show me comparable properties, helping me determine the best listing price. Thanks to his expertise and dedication, I’m taking the time to leave reviews on multiple websites. I couldn’t have asked for a better realtor.”

Josh · Plymouth, MN

Photo of Minnesota Property Group
RE/MAX Results
“Shari was wonderful to work with. We have known each other for years but never worked together in this capacity. It is very obvious how much she loves her job! She was knowledgable and took my needs into consideation throughout the whole process. It was wonderful to work with her!”

Michele Berndt · Albertville, MN

Photo of Shari McGuire
Pemberton RE
“Amy was very helpful and knowledgeable. Everything went well.”

Barbara S. · Minneapolis, MN

Photo of Amy Westerlund
Keller Williams Premier Realty
“Great job. Skip was great to work with.”

Mary C. · St. Cloud, MN

Photo of Skip Halverson
RE/MAX Results
“I was pleasantly surprised when I only had 1 phone call from realtors. My realtor (Jeremy) was amazing. I believe his commitment is what sold the house. He was very fluent in keeping in touch and letting me know what was happening.”

Tammey A. · Coon Rapids, MN

Photo of Jeremy Ellingson
RE/MAX Advantage Plus
“Christina was an excellent Realtor to work with. Everything went very smoothly from start to finish.”

Dave K. · North Saint Paul, MN

Photo of Christina Chatlain
Keller Williams Premier Realty
“My family enjoyed working with Polina! She was friendly and always kept things real! She was more then just an agent!! Polina, was always easy to communicate with and promptly answered any questions or concerns!”

Heather · Inver Grove Heights, MN

Photo of The Kilpela Group
National Realty Guild
“Awesome agent. Took time to listen to my needs and desires and went out to find my dream house. This guys knows how to get the job done. I wish more people had the compassion and skill. This was a very pleasant experience.”

Diane and Jesse · North Branch, MN

Photo of The Mike VanGrinsven Group
RE/MAX Professionals
“This service was fast and easy to use. I ended up using the first realtor that came up, and she turned out to be just fabulous.”

Gregg D. · West Saint Paul, MN

Photo of Misty May & Team
Coldwell Banker Realty
“Working with Chad was a joy. He was very open to what my selling process would be like. I would definitely use Chad again for any home buying/selling needs.”

Fred L. · Hastings, MN

Photo of Chad Baker
RE/MAX Advantage Plus
“My partner and I worked with Kong for 4 months and he helped us buy our home. Throughout the whole process, Kong was extremely professional, responsive, honest and knowledgeable. He really worked with our availability during all the showings. He also helped us through a difficult situation with the sellers. We would definitely recommend and work with Kong again!”

Kelsey · St. Paul, MN

Photo of Kong Lee
Partners REalty
“Glad to have made this decision to use Jeff. He did a good job for us!”

Judi G. · Oak Grove, MN

Photo of Jeff Tollefson
RE/MAX Real Estate Properties
“Collin really took the time to make sure we understood everything about the process of buying our home. He was patient with us and never pressured us into settling.”

Jade Erickson · St. Paul, MN

Photo of Collin Vold
EXP Realty MN

Frequently Asked Questions

There are more than 2 million real estate agents across the U.S., and you want to be sure the one you partner with is an experienced and trustworthy professional with strong local expertise covering the housing market in and around Tonka Bay. Working with a proven agent will help you sell your home faster and for more money, and help you find your dream home at the best possible price.


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