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Saturday, September 21, 2024

The second quarter of 2021: Hamburg experienced a 39.6% increase in median home prices

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The median sale price of a home sold in the second quarter of 2021 in Hamburg rose by $86,500 while total sales increased by 50%, according to BlockShopper.com.

From April through June of 2021, there were three homes sold, with a median sale price of $305,000 - a 39.6% increase over the $218,500 median sale price for the same period of the previous year. There were two homes sold in Hamburg in the second quarter of 2020.

The median sales tax in Hamburg for the most recent year with available data, 2019, was $2,648, approximately 0.9% of the median home sale price for the second quarter of 2021.

The following table compares Hamburg 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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