In August 2017, there were three homes sold, with a median sale price of $330,000 - a 38.3% decrease over the $535,000 median sale price for the same period of the previous year. There were seven homes sold in Independence in August 2016.
The median sales tax in Independence for the most recent year with available data, 2015, was $5,414, approximately 1.6% of the median home sale price for August 2017.
The following table compares Independence to other Hennepin County cities with similar median sales prices in August 2017:
| City | Aug. 2017 Home Sales | Aug. 2016 Home Sales | % change (Total Home Sales) | Aug. 2017 Median Sales Price | Aug. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Eden Prairie | 88 | 84 | 4.8% | $354,000 | $339,500 | 4.3% |
| Plymouth | 108 | 150 | -28% | $350,000 | $324,950 | 7.7% |
| Minnetonka | 56 | 70 | -20% | $348,000 | $334,500 | 4% |
| St. Anthony | 15 | 8 | 87.5% | $335,000 | $285,500 | 17.3% |
| Loretto | 1 | 0 | - | $335,000 | $0 | - |
| Independence | 3 | 7 | -57.1% | $330,000 | $535,000 | -38.3% |
| Minnetrista | 18 | 31 | -41.9% | $324,628 | $350,000 | -7.2% |
| Golden Valley | 25 | 39 | -35.9% | $307,130 | $286,000 | 7.4% |
| Long Lake | 1 | 4 | -75% | $303,000 | $175,750 | 72.4% |
| Rogers | 15 | 15 | 0% | $300,000 | $295,000 | 1.7% |
| Maple Grove | 115 | 102 | 12.7% | $298,597 | $290,250 | 2.9% |
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