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Saturday, September 21, 2024

The first half of 2021: Home prices in Norwood Young America increased

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The median sale price of a home sold in the first half of 2021 in Norwood Young America rose by $49,500 while total sales decreased by 28.1%, according to BlockShopper.com.

From January through June of 2021, there were 23 homes sold, with a median sale price of $255,000 - a 24.1% increase over the $205,500 median sale price for the same period of the previous year. There were 32 homes sold in Norwood Young America in the first half of 2020.

The median sales tax in Norwood Young America for the most recent year with available data, 2019, was $2,356, approximately 0.9% of the median home sale price for the first half of 2021.

The following table compares Norwood Young America to other Carver County cities in the first half of 2021:

CityJan. - June 2021 Home SalesJan. - June 2020 Home Sales% change (Total Home Sales)Jan. - June 2021 Median Sales PriceJan. - June 2020 Median Sales Price% change (Median Sales Price)
Victoria57553.6%$514,900$425,00021.2%
Chanhassen1631630%$455,000$381,00019.4%
Carver3840-5%$402,500$343,00017.3%
Waconia95115-17.4%$334,000$302,00010.6%
Mayer1425-44%$328,500$283,14716%
Chaska170171-0.6%$310,000$290,0006.9%
Hamburg57-28.6%$305,000$207,00047.3%
Cologne1116-31.3%$290,000$283,8602.2%
Watertown403225%$280,000$285,877.50-2.1%
New Germany83166.7%$269,000$248,0008.5%
Norwood Young America2332-28.1%$255,000$205,50024.1%

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