From July through September of 2018, there were 16 homes sold, with a median sale price of $334,500 - a 26.4% increase over the $264,666 median sale price for the same period of the previous year. There were four homes sold in Cologne in the third quarter of 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 0.9%.
The following table compares Cologne to other Carver County cities in the third quarter of 2018:
| City | July - Sept. 2018 Home Sales | July - Sept. 2017 Home Sales | % change (Total Home Sales) | July - Sept. 2018 Median Sales Price | July - Sept. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Victoria | 55 | 60 | -8.3% | $410,000 | $433,000 | -5.3% |
| Carver | 36 | 34 | 5.9% | $355,000 | $335,500 | 5.8% |
| Cologne | 16 | 4 | 300% | $334,500 | $264,665.50 | 26.4% |
| Chanhassen | 167 | 156 | 7.1% | $327,500 | $333,000 | -1.7% |
| Waconia | 91 | 74 | 23% | $315,000 | $270,950 | 16.3% |
| Mayer | 9 | 15 | -40% | $275,500 | $230,000 | 19.8% |
| Chaska | 152 | 115 | 32.2% | $275,000 | $254,900 | 7.9% |
| Watertown | 26 | 24 | 8.3% | $249,250 | $232,450 | 7.2% |
| Norwood Young America | 28 | 32 | -12.5% | $197,000 | $209,000 | -5.7% |
| New Germany | 1 | 3 | -66.7% | $183,000 | $164,000 | 11.6% |
| Hamburg | 3 | 4 | -25% | $149,500 | $153,250 | -2.4% |
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