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Minnesota State Wire

Sunday, December 22, 2024

How did home prices perform in Mayer during the first quarter of 2022?

Re 9

The median sale price of a home sold in the first quarter of 2022 in Mayer fell by $21,500 while total sales increased by 20%, according to BlockShopper.com.

From January through March of 2022, there were six homes sold, with a median sale price of $307,500 - a 6.5% decrease over the $329,000 median sale price for the same period of the previous year. There were five homes sold in Mayer in the first quarter of 2021.

The median sales tax in Mayer for the most recent year with available data, 2019, was $3,096, approximately 1% of the median home sale price for the first quarter of 2022.

The following table compares Mayer 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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