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Minnesota State Wire

Sunday, December 22, 2024

March 2022: Norwood Young America experienced a 1.3% increase in median home prices

Re 3

The median sale price of a home sold in March 2022 in Norwood Young America rose by $2,750 while total sales increased by 25%, according to BlockShopper.com.

In March 2022, there were five homes sold, with a median sale price of $222,000 - a 1.3% increase over the $219,250 median sale price for the same period of the previous year. There were four homes sold in Norwood Young America in March 2021.

The median sales tax in Norwood Young America for the most recent year with available data, 2019, was $2,356, approximately 1.1% of the median home sale price for March 2022.

The following table compares Norwood Young America to other Carver County cities in March 2022:

CityMar. 2022 Home SalesMar. 2021 Home Sales% change (Total Home Sales)Mar. 2022 Median Sales PriceMar. 2021 Median Sales Price% change (Median Sales Price)
Victoria715-53.3%$610,000$525,00016.2%
Watertown27-71.4%$504,999.50$280,00080.4%
Chanhassen1829-37.9%$493,000$458,0007.6%
Carver612-50%$478,750$418,00014.5%
Cologne3250%$424,000$304,95039%
Waconia15147.1%$380,000$382,000-0.5%
Chaska2836-22.2%$316,250$278,50013.6%
Mayer4333.3%$292,500$329,000-11.1%
Hamburg10-$250,000$0-
Norwood Young America5425%$222,000$219,2501.3%
New Germany12-50%$181,500$50,000263%

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