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Tonka Bay Market Report

Search in the county of Hennepin, in the city of Tonka Bay

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LakeMinnetonkaRealEstate.com
Report prepared by LakeMinnetonkaRealEstate.com
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Market at a glance

Over the last 12 months, homes sold for 95.6% of list price in 73 days on average.

Average price, last 12 months

What sellers asked vs. what homes actually sold for, by closing month.

List · $3.35M Sold · $3.35M
$3.5M$2.5M$1.5M$500K
NovDecJanFebMarAprMayJunJulAugSepOct

Homes sold per month

Closed sales, last 12 months.

Peak: 3 sales in Jul. Last month: 1.

Where the market stands

All homes in this report, by status.

16homes
Active7 · 44%
Sold (12 mo)9 · 56%

Buyer's or seller's market?

Months it would take to sell every active home at the pace of the last 6 months.

7.0months of inventory
Seller's, under 4BalancedBuyer's, over 6

Buyers have room to negotiate in this market.

Average price by status

Active$1.7M
Sold$2.03M

Average days on market

Active189 days
Sold73 days

Browse homes by status

Choose a status to see its numbers, charts and listings.

Active homes

Currently for sale
Homes for sale 7
Average list price $1,702,000
Avg. days on market 189 days
Avg. price per ft² $436 Based on 6 of 7 homes
Avg. living area 3,580 ft² Based on 6 of 7 homes
Avg. beds / baths 3.5 / 4.2

Price vs. living area

Each dot is a home. Hover a dot for its address, click it to see the home.

1 home didn’t report living area and isn’t shown.

$3M$2M$1M$0

Price vs. living area: 6 homes plotted, up to $3M and 6,000 ft².

0 ft²2,0004,0006,000 ft²

How long homes have been listed

Number of homes by days on market.

Bedroom mix

Number of homes by bedroom count.

1 home didn’t report bedrooms and isn’t shown.

Highest price per ft²

Top 6 homes in this status.

15 Maple Hill Drive$527
36 Lilah Lane$439
5624 Buffington Lane$426
40 Lilah Lane$422
5654 Buffington Lane$418
5650 Buffington Lane$384

All active listings

Click a column to sort
AddressBedsBathsLiving ft²List price$ / ft²Days on market
40 Lilah LaneTonka Bay, MN 55331 464,443$1,875,000$42242 days
15 Maple Hill DriveTonka Bay, MN 55331 444,262$2,249,000$52743 days
36 Lilah LaneTonka Bay, MN 55331 463,812$1,675,000$43981 days
4410 Manitou RoadTonka Bay, MN 55331 ———$2,440,000—203 days
5624 Buffington LaneTonka Bay, MN 55331 332,988$1,275,000$426246 days
5654 Buffington LaneTonka Bay, MN 55331 332,988$1,250,000$418246 days
5650 Buffington LaneTonka Bay, MN 55331 332,988$1,150,000$384463 days
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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Listing data © 2026 Regional Multiple Listing Service of Minnesota. All rights reserved. By searching, you agree to the EULA.