In March 2018, there were four homes sold, with a median sale price of $536,250 - a 17.2% decrease over the $647,500 median sale price for the same period of the previous year. There were four homes sold in Independence in March 2017, as well.
The median sales tax in Independence for the most recent year with available data, 2015, was $5,414, approximately 1% of the median home sale price for March 2018.
The following table compares Independence to other Hennepin County cities with similar median sales prices in March 2018:
| City | Mar. 2018 Home Sales | Mar. 2017 Home Sales | % change (Total Home Sales) | Mar. 2018 Median Sales Price | Mar. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Excelsior | 2 | 4 | -50% | $891,750 | $377,500 | 136.2% |
| Orono | 14 | 7 | 100% | $782,847 | $322,240 | 142.9% |
| Wayzata | 10 | 7 | 42.9% | $757,500 | $538,245 | 40.7% |
| Edina | 59 | 71 | -16.9% | $542,000 | $525,000 | 3.2% |
| Minnetonka Beach | 1 | 0 | - | $540,000 | $0 | - |
| Independence | 4 | 4 | 0% | $536,250 | $647,500 | -17.2% |
| Medina | 8 | 4 | 100% | $530,250 | $557,672.50 | -4.9% |
| Shorewood | 10 | 15 | -33.3% | $459,500 | $497,500 | -7.6% |
| Deephaven | 6 | 4 | 50% | $415,500 | $570,000 | -27.1% |
| Eden Prairie | 64 | 62 | 3.2% | $380,000 | $362,500 | 4.8% |
| Minnetrista | 19 | 21 | -9.5% | $378,000 | $377,700 | 0.1% |
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