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Saturday, September 21, 2024

What happened to the median home price in Hamburg during the first half of 2022?

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The median sale price of a home sold in the first half of 2022 in Hamburg fell by $42,500 while total sales decreased by 20 percent, according to BlockShopper.com.

From January through June, there were four homes sold, with a median sale price of $262,500 - a 13.9 percent decrease from the $305,000 median sale price for the same period of the previous year. There were five homes sold in Hamburg in the first half of 2021.

The median sales tax in Hamburg for the most recent year with available data, 2019, was $2,648, approximately one percent of the median home sale price for the first half of 2022.

The following table compares Hamburg to other Carver County cities in the first half of 2022:

CityJanuary - June 2022 Home SalesJanuary - June 2021 Home Sales% change (Total Home Sales)January - June 2022 Median Sales PriceJanuary - June 2021 Median Sales Price% change (Median Sales Price)
Victoria69639.5$635,000$514,90023.3
Chanhassen171175-2.3$450,000$460,000-2.2
Carver3841-7.3$411,750$400,0002.9
Cologne131118.2$390,000$290,00034.5
Waconia98100-2$378,100$343,00010.2
Chaska1871822.7$360,000$317,62513.3
Watertown2748-43.8$351,500$282,50024.4
Mayer15150$334,619$328,0002
Hamburg45-20$262,500$305,000-13.9
New Germany69-33.3$233,150$280,000-16.7
Norwood Young America29277.4$225,000$250,900-10.3

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