The Tonkawood housing market is very competitive. The median sale price of a home in Tonkawood was $683K last month, up 9.2% since last year. The median sale price per square foot in Tonkawood is $236, up 7.8% since last year.
What is the housing market like in Tonkawood today?
In July 2025, Tonkawood home prices were up 9.2% compared to last year, selling for a median price of $683K. On average, homes in Tonkawood sell after 42 days on the market compared to 13 days last year. There were 14 homes sold in July this year, down from 16 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$682,500
+9.2% YoY | Jul 2025
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Jul 2025
Growth
% YoY
Tonkawood, MN
$682,500
+9.2%
United States
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How hot is the Tonkawood housing market?
Tonkawood is very competitive. Homes sell in 26 days.
0
100
73
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 26 days.
Hot homes
can sell for about 5% above list price and go pending in around 12 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Tonkawood housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Tonkawood.
Flood Factor
We’re working on getting current and accurate flood risk information
Fire Factor
<1% of properties are at risk of wildfire over the next 30 years
Wind Factor
Tonkawood has minimal risk of severe winds over the next 30 years
Heat Factor
We’re working on getting current and accurate heat risk information