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Minnesota State Wire

Sunday, December 22, 2024

Pricing for the median home in Norwood Young America decreased during the first quarter of 2022

Re 7

The median sale price of a home sold in the first quarter of 2022 in Norwood Young America fell by $13,450 while total sales increased by 30%, according to BlockShopper.com.

From January through March of 2022, there were 13 homes sold, with a median sale price of $222,000 - a 5.7% decrease over the $235,450 median sale price for the same period of the previous year. There were 10 homes sold in Norwood Young America in the first quarter of 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 the first quarter of 2022.

The following table compares Norwood Young America to other Carver County cities in the first quarter of 2022:

CityJan. - Mar. 2022 Home SalesJan. - Mar. 2021 Home Sales% change (Total Home Sales)Jan. - Mar. 2022 Median Sales PriceJan. - Mar. 2021 Median Sales Price% change (Median Sales Price)
Victoria1925-24%$635,000$514,90023.3%
Chanhassen5665-13.8%$460,000$485,000-5.2%
Carver1219-36.8%$439,000$415,0005.8%
Watertown415-73.3%$397,850$275,00044.7%
Cologne7540%$390,000$290,00034.5%
Waconia37355.7%$349,000$348,0000.3%
Mayer6520%$307,500$329,000-6.5%
Chaska65624.8%$300,000$288,9503.8%
Hamburg12-50%$250,000$314,500-20.5%
Norwood Young America131030%$222,000$235,450-5.7%
New Germany3250%$216,300$50,000332.6%

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