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Saturday, September 21, 2024

Pricing for the median home in New Germany increased during the second quarter of 2021

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The median sale price of a home sold in the second quarter of 2021 in New Germany rose by $55,200 while total sales increased by 200%, according to BlockShopper.com.

From April through June of 2021, there were six homes sold, with a median sale price of $284,950 - a 24% increase over the $229,750 median sale price for the same period of the previous year. There were two homes sold in New Germany in the second quarter of 2020.

The median sales tax in New Germany for the most recent year with available data, 2019, was $3,234, approximately 1.1% of the median home sale price for the second quarter of 2021.

The following table compares New Germany to other Carver County cities in the second quarter of 2021:

CityApr. - June 2021 Home SalesApr. - June 2020 Home Sales% change (Total Home Sales)Apr. - June 2021 Median Sales PriceApr. - June 2020 Median Sales Price% change (Median Sales Price)
Victoria32320%$512,550$452,50013.3%
Chanhassen98917.7%$442,000$385,00014.8%
Carver1924-20.8%$365,000$350,2504.2%
Chaska1089118.7%$335,775$290,00015.8%
Mayer917-47.1%$328,000$299,9009.4%
Waconia6074-18.9%$327,444$293,25011.7%
Cologne69-33.3%$305,500$290,0005.3%
Hamburg3250%$305,000$218,50039.6%
Watertown252119%$290,000$281,6553%
New Germany62200%$284,950$229,75024%
Norwood Young America1323-43.5%$255,000$218,00017%

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