From January through December of 2018, there were 63 homes sold, with a median sale price of $279,900 - a 24.4% increase over the $225,000 median sale price for the previous year. There were 41 homes sold in Cologne in 2017.
The median sales tax in Cologne for 2018 was $2,876. In 2017, the median sales tax was $2,822. This marks an increase of 1.9%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1%.
The following table compares Cologne to other Carver County cities in 2018:
| City | Jan. - Dec. 2018 Home Sales | Jan. - Dec. 2017 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2018 Median Sales Price | Jan. - Dec. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Victoria | 186 | 192 | -3.1% | $430,000 | $404,250 | 6.4% |
| Chanhassen | 536 | 468 | 14.5% | $338,750 | $316,950 | 6.9% |
| Carver | 113 | 93 | 21.5% | $329,500 | $327,499 | 0.6% |
| Waconia | 296 | 260 | 13.8% | $285,450 | $257,375 | 10.9% |
| Cologne | 63 | 41 | 53.7% | $279,900 | $225,000 | 24.4% |
| Mayer | 45 | 57 | -21.1% | $268,000 | $230,000 | 16.5% |
| Chaska | 467 | 418 | 11.7% | $261,000 | $259,900 | 0.4% |
| Watertown | 102 | 91 | 12.1% | $252,675 | $217,000 | 16.4% |
| Norwood Young America | 92 | 98 | -6.1% | $193,950 | $197,450 | -1.8% |
| New Germany | 15 | 10 | 50% | $178,400 | $165,500 | 7.8% |
| Hamburg | 8 | 14 | -42.9% | $149,700 | $174,250 | -14.1% |
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