The median sale price of a home sold in the first quarter of 2017 in Norwood Young America rose by $43,000 while total sales increased by 100%, according to BlockShopper.com.
From January through March of 2017, there were 20 homes sold, with a median sale price of $183,000 – a 30.7% increase over the $140,000 median sale price for the same period of the previous year. There were 10 homes sold in Norwood Young America in the first quarter of 2016.
The median sales tax in Norwood Young America for 2017 was $2,100. In 2016, the median sales tax was $1,958. This marks an increase of 7.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.1%.
The following table compares Norwood Young America to other Carver County cities in the first quarter of 2017:
| City | Jan. – Mar. 2017 Home Sales | Jan. – Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. – Mar. 2017 Median Sales Price | Jan. – Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Victoria | 31 | 30 | 3.3% | $385,000 | $388,750 | -1% |
| Carver | 11 | 17 | -35.3% | $327,499 | $259,000 | 26.4% |
| Chanhassen | 78 | 82 | -4.9% | $297,450 | $290,500 | 2.4% |
| Waconia | 32 | 43 | -25.6% | $240,000 | $198,000 | 21.2% |
| Chaska | 74 | 83 | -10.8% | $231,250 | $222,000 | 4.2% |
| Mayer | 9 | 9 | 0% | $226,000 | $224,900 | 0.5% |
| Cologne | 12 | 15 | -20% | $221,350 | $238,000 | -7% |
| Hamburg | 4 | 1 | 300% | $216,700 | $120,000 | 80.6% |
| Watertown | 11 | 18 | -38.9% | $195,000 | $213,750 | -8.8% |
| Norwood Young America | 20 | 10 | 100% | $183,000 | $140,000 | 30.7% |
| New Germany | 2 | 2 | 0% | $129,500 | $238,950 | -45.8% |
