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Minnesota State Wire

Thursday, November 7, 2024

Rising home prices in Hamburg in the second half of 2020

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The median sale price of a home sold in the second half of 2020 in Hamburg rose by $59,000 while total sales decreased by 28.6%, according to BlockShopper.com.

From July through December of 2020, there were five homes sold, with a median sale price of $240,000 - a 32.6% increase over the $181,000 median sale price for the same period of the previous year. There were seven homes sold in Hamburg in the second half of 2019.

The median sales tax in Hamburg for the most recent year with available data, 2019, was $2,648, approximately 1.1% of the median home sale price for the second half of 2020.

The following table compares Hamburg 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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