Is New Germany, MN 55367 a buyer’s or seller’s market?
New Germany is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The New Germany housing market right now
In the three months ending August 31, 2026, 0% of homes in New Germany, MN 55367 sold above their list price, the typical home went under contract in 20 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 100%, homes sold faster (28 days then) and the median sale price rose 55% to $527,272. Overall, New Germany is less competitive than a year ago, which gives buyers more room.
Within Carver County, homes here sell faster than in 91% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Mayer 55360 (56% sold over asking) and Norwood Young America 55368 (56% sold over asking) are even more competitive.
Run the numbers for 55367
Nearby markets
Carver 55315Seller’s market $208 /sq ftChanhassen 55317Seller’s market $227 /sq ftChaska 55318Seller’s market $211 /sq ftCologne 55322Seller’s market $181 /sq ft Browse all markets →Towns like New Germany nearby
Find towns like New Germany in other states →Where New Germany is
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Questions about New Germany real estate
Is New Germany a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in New Germany, MN 55367 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in New Germany?
The typical home went under contract in 20 days in the latest three months.
Do homes in New Germany sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.4% of the list price.
What are property taxes in New Germany?
About 0.99% of a home’s value a year in Carver County, or roughly $3,960 on a $400,000 home.
What is the median home price in New Germany?
The median sale price was $527,272 in the three months ending August 31, 2026, about $256 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology