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Minnesota State Wire

Tuesday, November 5, 2024

What happened to the median home price in Norwood Young America during the third quarter of 2021?

Re 5

The median sale price of a home sold in the third quarter of 2021 in Norwood Young America rose by $50,500 while total sales decreased by 26.3%, according to BlockShopper.com.

From July through September of 2021, there were 14 homes sold, with a median sale price of $250,500 - a 25.3% increase over the $200,000 median sale price for the same period of the previous year. There were 19 homes sold in Norwood Young America in the third quarter of 2020.

The median sales tax in Norwood Young America for the most recent year with available data, 2019, was $2,356, approximately 0.9% of the median home sale price for the third quarter of 2021.

The following table compares Norwood Young America to other Carver County cities in the third quarter of 2021:

CityJuly - Sept. 2021 Home SalesJuly - Sept. 2020 Home Sales% change (Total Home Sales)July - Sept. 2021 Median Sales PriceJuly - Sept. 2020 Median Sales Price% change (Median Sales Price)
Victoria463724.3%$620,250$535,00015.9%
Chanhassen15711240.2%$474,000$390,00021.5%
Carver2532-21.9%$435,000$368,45018.1%
Waconia71684.4%$377,500$327,50015.3%
Chaska1258940.4%$360,000$315,10014.2%
Cologne14140%$313,500$285,007.5010%
Mayer615-60%$295,000$295,0000%
Hamburg220%$290,750$390,500-25.5%
Watertown3919105.3%$290,000$278,0004.3%
Norwood Young America1419-26.3%$250,500$200,00025.3%
New Germany28-75%$202,655$221,000-8.3%

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