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Saturday, September 21, 2024

First half of 2022: Home prices in Norwood Young America fell

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The median sale price of a home sold in the first half of 2022 in Norwood Young America fell by $25,900 while total sales increased by 7.4 percent, according to BlockShopper.com.

From January through June, there were 29 homes sold, with a median sale price of $225,000 - a 10.3 percent decrease from the $250,900 median sale price for the same period of the previous year. There were 27 homes sold in Norwood Young America in the first half of 2021.

The median sales tax in Norwood Young America for the most recent year with available data, 2019, was $2,356, approximately one percent of the median home sale price for the first half of 2022.

The following table compares Norwood Young America 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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