In April 2020, there were two homes sold, with a median sale price of $622,450 - a 24.7% increase over the $499,000 median sale price for the same period of the previous year. There were three homes sold in Independence in April 2019.
The median sales tax in Independence for the most recent year with available data, 2019, was $5,901, approximately 0.9% of the median home sale price for April 2020.
The following table compares Independence to other Hennepin County cities with similar median sales prices in April 2020:
| City | Apr. 2020 Home Sales | Apr. 2019 Home Sales | % change (Total Home Sales) | Apr. 2020 Median Sales Price | Apr. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Greenwood | 2 | 1 | 100% | $872,500 | $1,175,000 | -25.7% |
| Deephaven | 2 | 11 | -81.8% | $812,000 | $512,250 | 58.5% |
| Orono | 7 | 23 | -69.6% | $650,000 | $650,000 | 0% |
| Independence | 2 | 3 | -33.3% | $622,450 | $499,000 | 24.7% |
| Medina | 6 | 5 | 20% | $547,500 | $638,829 | -14.3% |
| Excelsior | 3 | 5 | -40% | $538,750 | $430,000 | 25.3% |
| Edina | 35 | 64 | -45.3% | $525,000 | $485,000 | 8.2% |
| Spring Park | 2 | 0 | - | $512,000 | $0 | - |
| Minnetrista | 10 | 13 | -23.1% | $506,380 | $371,134 | 36.4% |
| Greenfield | 1 | 7 | -85.7% | $450,000 | $420,000 | 7.1% |
| Corcoran | 3 | 2 | 50% | $445,000 | $482,500 | -7.8% |
Alerts Sign-up