In July 2019, there were seven homes sold, with a median sale price of $267,500 - a 22.5% decrease over the $345,000 median sale price for the same period of the previous year. There were four homes sold in Cologne in July 2018.
The median sales tax in Cologne for 2019 was $2,916. In 2018, the median sales tax was $2,876. This marks an increase of 1.4%. 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 Cologne to other Carver County cities in July 2019:
| City | July 2019 Home Sales | July 2018 Home Sales | % change (Total Home Sales) | July 2019 Median Sales Price | July 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Chanhassen | 59 | 42 | 40.5% | $400,000 | $334,000 | 19.8% |
| Carver | 12 | 13 | -7.7% | $378,000 | $320,836 | 17.8% |
| Victoria | 19 | 12 | 58.3% | $375,000 | $374,950 | 0% |
| Waconia | 32 | 28 | 14.3% | $310,000 | $280,000 | 10.7% |
| Chaska | 65 | 35 | 85.7% | $298,200 | $275,000 | 8.4% |
| Cologne | 7 | 4 | 75% | $267,500 | $345,000 | -22.5% |
| Mayer | 5 | 3 | 66.7% | $259,000 | $275,000 | -5.8% |
| New Germany | 1 | 1 | 0% | $253,500 | $183,000 | 38.5% |
| Watertown | 8 | 10 | -20% | $239,450 | $235,000 | 1.9% |
| Hamburg | 2 | 0 | - | $201,500 | $0 | - |
| Norwood Young America | 8 | 7 | 14.3% | $196,700 | $194,000 | 1.4% |
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