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Sunday, September 22, 2024

The third quarter of 2021: Home prices in New Germany fell

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The median sale price of a home sold in the third quarter of 2021 in New Germany fell by $18,345 while total sales decreased by 75%, according to BlockShopper.com.

From July through September of 2021, there were two homes sold, with a median sale price of $202,655 - a 8.3% decrease over the $221,000 median sale price for the same period of the previous year. There were eight homes sold in New Germany in the third quarter of 2020.

The median sales tax in New Germany for the most recent year with available data, 2019, was $3,234, approximately 1.6% of the median home sale price for the third quarter of 2021.

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

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Victoria463724.3%$620,250$535,00015.9%
Chanhassen15711240.2%$474,000$390,00021.5%
Carver2532-21.9%$435,000$368,45018.1%
Waconia71684.4%$377,500$327,50015.3%
Chaska1258940.4%$360,000$315,10014.2%
Cologne14140%$313,500$285,007.5010%
Mayer615-60%$295,000$295,0000%
Hamburg220%$290,750$390,500-25.5%
Watertown3919105.3%$290,000$278,0004.3%
Norwood Young America1419-26.3%$250,500$200,00025.3%
New Germany28-75%$202,655$221,000-8.3%

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