In August 2019, there were six homes sold, with a median sale price of $586,500 - a 12.8% increase over the $520,000 median sale price for the same period of the previous year. There were seven homes sold in Independence in August 2018.
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 August 2019.
The following table compares Independence to other Hennepin County cities with similar median sales prices in August 2019:
| City | Aug. 2019 Home Sales | Aug. 2018 Home Sales | % change (Total Home Sales) | Aug. 2019 Median Sales Price | Aug. 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Spring Park | 1 | 2 | -50% | $950,000 | $318,750 | 198% |
| Excelsior | 3 | 2 | 50% | $805,500 | $410,000 | 96.5% |
| Orono | 25 | 31 | -19.4% | $660,000 | $590,000 | 11.9% |
| Deephaven | 11 | 12 | -8.3% | $630,000 | $680,750 | -7.5% |
| Medina | 14 | 14 | 0% | $610,520 | $584,250 | 4.5% |
| Independence | 6 | 7 | -14.3% | $586,500 | $520,000 | 12.8% |
| Edina | 99 | 87 | 13.8% | $585,000 | $527,500 | 10.9% |
| Hanover | 1 | 0 | - | $560,000 | $0 | - |
| Greenfield | 6 | 12 | -50% | $482,500 | $294,950 | 63.6% |
| Shorewood | 21 | 17 | 23.5% | $460,000 | $450,000 | 2.2% |
| Wayzata | 6 | 8 | -25% | $447,500 | $855,000 | -47.7% |
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