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Minnesota State Wire

Sunday, September 14, 2025

New Germany median home prices fell by 20.4% in the fourth quarter of 2021

Webp realestate1

The median sale price of a home sold in the fourth quarter of 2021 in New Germany fell by $47,200 while total sales decreased by 50%, according to BlockShopper.com.

From October through December of 2021, there were two homes sold, with a median sale price of $183,750 - a 20.4% decrease over the $230,950 median sale price for the same period of the previous year. There were four homes sold in New Germany in the fourth quarter of 2020.

The median sales tax in New Germany for the most recent year with available data, 2019, was $3,234, approximately 1.8% of the median home sale price for the fourth quarter of 2021.

The following table compares New Germany to other Carver County cities in the fourth quarter of 2021:

CityOct. - Dec. 2021 Home SalesOct. - Dec. 2020 Home Sales% change (Total Home Sales)Oct. - Dec. 2021 Median Sales PriceOct. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Victoria413420.6%$555,000$545,0001.8%
Chanhassen1067247.2%$416,500$371,25012.2%
Carver171241.7%$400,000$368,7508.5%
Cologne151315.4%$385,000$329,50016.8%
Waconia55541.9%$364,000$333,5009.1%
Watertown17166.3%$349,900$297,50017.6%
Mayer8633.3%$323,050$254,50026.9%
Chaska1027241.7%$316,500$283,00011.8%
Norwood Young America1718-5.6%$250,000$220,00013.6%
Hamburg13-66.7%$215,000$217,000-0.9%
New Germany24-50%$183,750$230,950-20.4%