In May 2017, there were six homes sold, with a median sale price of $389,750 - a 31.5% increase over the $296,400 median sale price for the same period of the previous year. There were nine homes sold in Independence in May 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 May 2017.
The following table compares Independence to other Hennepin County cities with similar median sales prices in May 2017:
| City | May 2017 Home Sales | May 2016 Home Sales | % change (Total Home Sales) | May 2017 Median Sales Price | May 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wayzata | 7 | 10 | -30% | $656,000 | $475,354.50 | 38% |
| Edina | 80 | 101 | -20.8% | $573,250 | $490,000 | 17% |
| Orono | 23 | 23 | 0% | $457,000 | $507,000 | -9.9% |
| Shorewood | 12 | 18 | -33.3% | $454,000 | $478,700 | -5.2% |
| Corcoran | 7 | 4 | 75% | $415,000 | $282,000 | 47.2% |
| Independence | 6 | 9 | -33.3% | $389,750 | $296,400 | 31.5% |
| Eden Prairie | 101 | 116 | -12.9% | $381,000 | $342,750 | 11.2% |
| Minnetrista | 34 | 28 | 21.4% | $361,026 | $377,830.50 | -4.4% |
| Greenfield | 10 | 3 | 233.3% | $351,500 | $177,000 | 98.6% |
| Minnetonka | 85 | 106 | -19.8% | $345,000 | $301,500 | 14.4% |
| Excelsior | 3 | 1 | 200% | $333,000 | $250,000 | 33.2% |
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