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Sunday, September 22, 2024

The third quarter of 2021: Hamburg experienced a 25.5% drop in median home prices

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The median sale price of a home sold in the third quarter of 2021 in Hamburg fell by $99,750 while total sales remained unchanged with two homes sold, according to BlockShopper.com.

From July through September of 2021, there were two homes sold, with a median sale price of $290,750 - a 25.5% decrease over the $390,500 median sale price for the same period of the previous year. There were two homes sold in Hamburg in the third quarter of 2020, as well.

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 third quarter of 2021.

The following table compares Hamburg 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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