In June 2017, there were eight homes sold, with a median sale price of $400,900 - a 22.3% decrease over the $516,276 median sale price for the same period of the previous year. There were 10 homes sold in Independence in June 2016.
The median sales tax in Independence for the most recent year with available data, 2015, was $5,414, approximately 1.4% of the median home sale price for June 2017.
The following table compares Independence to other Hennepin County cities with similar median sales prices in June 2017:
| City | June 2017 Home Sales | June 2016 Home Sales | % change (Total Home Sales) | June 2017 Median Sales Price | June 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wayzata | 6 | 11 | -45.5% | $517,750 | $725,000 | -28.6% |
| Orono | 20 | 28 | -28.6% | $476,600 | $527,500 | -9.6% |
| Shorewood | 22 | 19 | 15.8% | $431,450 | $435,000 | -0.8% |
| Hanover | 4 | 2 | 100% | $418,000 | $199,950 | 109.1% |
| Medicine Lake | 1 | 0 | - | $406,000 | $0 | - |
| Independence | 8 | 10 | -20% | $400,900 | $516,276 | -22.3% |
| Minnetrista | 33 | 24 | 37.5% | $384,690 | $372,450 | 3.3% |
| Dayton | 4 | 11 | -63.6% | $375,109.50 | $295,000 | 27.2% |
| Eden Prairie | 115 | 120 | -4.2% | $375,000 | $367,750 | 2% |
| Minnetonka | 90 | 117 | -23.1% | $371,800 | $370,000 | 0.5% |
| Long Lake | 4 | 1 | 300% | $368,000 | $297,000 | 23.9% |
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