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Thursday, November 7, 2024

Pricing for the median home in Cologne decreased during 2020

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The median sale price of a home sold in 2020 in Cologne fell by $8,950 while total sales decreased by 17.3%, according to BlockShopper.com.

From January through December of 2020, there were 43 homes sold, with a median sale price of $290,000 - a 3% decrease over the $298,950 median sale price for the previous year. There were 52 homes sold in Cologne in 2019.

The median sales tax in Cologne for the most recent year with available data, 2019, was $2,916, approximately 1% of the median home sale price for 2020.

The following table compares Cologne to other Carver County cities in 2020:

CityJan. - Dec. 2020 Home SalesJan. - Dec. 2019 Home Sales% change (Total Home Sales)Jan. - Dec. 2020 Median Sales PriceJan. - Dec. 2019 Median Sales Price% change (Median Sales Price)
Victoria126153-17.6%$492,450$455,0008.2%
Chanhassen346499-30.7%$383,250$369,0003.9%
Carver8490-6.7%$358,000$338,5005.8%
Waconia2372245.8%$320,000$295,5008.3%
Chaska330426-22.5%$291,950$291,0000.3%
Cologne4352-17.3%$290,000$298,950-3%
Mayer463917.9%$288,073.50$275,0004.8%
Watertown6775-10.7%$283,000$241,00017.4%
New Germany1516-6.3%$242,000$202,50019.5%
Hamburg1214-14.3%$216,000$169,25027.6%
Norwood Young America68637.9%$210,625$210,0000.3%

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