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Monday, September 15, 2025

What happened to the median home price in New Germany during the second half of 2020?

Webp re 13

The median sale price of a home sold in the second half of 2020 in New Germany fell by $4,800 while total sales increased by 100%, according to BlockShopper.com.

From July through December of 2020, there were 12 homes sold, with a median sale price of $230,950 - a 2% decrease over the $235,750 median sale price for the same period of the previous year. There were six homes sold in New Germany in the second half of 2019.

The median sales tax in New Germany for the most recent year with available data, 2019, was $3,234, approximately 1.4% of the median home sale price for the second half of 2020.

The following table compares New Germany to other Carver County cities in the second half of 2020:

CityJuly - Dec. 2020 Home SalesJuly - Dec. 2019 Home Sales% change (Total Home Sales)July - Dec. 2020 Median Sales PriceJuly - Dec. 2019 Median Sales Price% change (Median Sales Price)
Victoria7174-4.1%$535,000$424,95025.9%
Chanhassen183242-24.4%$385,000$365,0005.5%
Carver4445-2.2%$368,450$350,0005.3%
Waconia12211010.9%$329,000$295,25011.4%
Chaska159241-34%$297,000$281,4005.5%
Cologne2728-3.6%$295,000$275,0007.3%
Mayer211723.5%$293,000$264,90010.6%
Watertown3538-7.9%$283,000$243,037.5016.4%
Hamburg57-28.6%$240,000$181,00032.6%
New Germany126100%$230,950$235,750-2%
Norwood Young America362733.3%$213,625$217,000-1.6%

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