In July 2018, there were five homes sold, with a median sale price of $605,000 - a 11.9% decrease over the $687,000 median sale price for the same period of the previous year. There were three homes sold in Independence in July 2017.
The median sales tax in Independence for the most recent year with available data, 2015, was $5,414, approximately 0.9% of the median home sale price for July 2018.
The following table compares Independence to other Hennepin County cities with similar median sales prices in July 2018:
| City | July 2018 Home Sales | July 2017 Home Sales | % change (Total Home Sales) | July 2018 Median Sales Price | July 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Minnetonka Beach | 2 | 1 | 100% | $1,932,500 | $1,715,000 | 12.7% |
| Deephaven | 2 | 8 | -75% | $1,145,000 | $780,000 | 46.8% |
| Wayzata | 7 | 4 | 75% | $810,000 | $832,500 | -2.7% |
| Medina | 8 | 7 | 14.3% | $679,590 | $945,000 | -28.1% |
| Edina | 67 | 87 | -23% | $665,000 | $530,000 | 25.5% |
| Independence | 5 | 3 | 66.7% | $605,000 | $687,000 | -11.9% |
| Orono | 9 | 22 | -59.1% | $540,000 | $706,000 | -23.5% |
| Corcoran | 2 | 5 | -60% | $494,950 | $365,000 | 35.6% |
| Shorewood | 7 | 10 | -30% | $450,000 | $515,000 | -12.6% |
| Eden Prairie | 71 | 102 | -30.4% | $400,000 | $382,500 | 4.6% |
| Plymouth | 66 | 104 | -36.5% | $377,950 | $370,000 | 2.1% |
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