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Minnesota State Wire

Sunday, September 14, 2025

2021: New Germany experienced a 7.9% drop in median home prices

Webp re 10

The median sale price of a home sold in 2021 in New Germany fell by $19,000 while total sales decreased by 13.3%, according to BlockShopper.com.

From January through December of 2021, there were 13 homes sold, with a median sale price of $223,000 - a 7.9% decrease over the $242,000 median sale price for the previous year. There were 15 homes sold in New Germany in 2020.

The median sales tax in New Germany for the most recent year with available data, 2019, was $3,234, approximately 1.5% of the median home sale price for 2021.

The following table compares New Germany to other Carver County cities in 2021:

CityJan. - Dec. 2021 Home SalesJan. - Dec. 2020 Home Sales% change (Total Home Sales)Jan. - Dec. 2021 Median Sales PriceJan. - Dec. 2020 Median Sales Price% change (Median Sales Price)
Victoria15312621.4%$537,000$492,4509%
Chanhassen44434728%$444,500$382,50016.2%
Carver84840%$410,000$358,00014.5%
Waconia228237-3.8%$357,450$320,00011.7%
Cologne4043-7%$336,500$290,00016%
Chaska41533225%$333,500$292,95013.8%
Mayer2946-37%$327,000$288,073.5013.5%
Watertown1066758.2%$290,000$283,0002.5%
Hamburg812-33.3%$287,500$216,00033.1%
Norwood Young America6069-13%$250,450$210,25019.1%
New Germany1315-13.3%$223,000$242,000-7.9%