From April through June of 2020, there were seven homes sold, with a median sale price of $419,900 - a 4.5% decrease over the $439,500 median sale price for the same period of the previous year. There were 18 homes sold in Independence in the second quarter of 2019.
The median sales tax in Independence for the most recent year with available data, 2019, was $5,374, approximately 1.3% of the median home sale price for the second quarter of 2020.
The following table compares Independence to other Hennepin County cities with similar median sales prices in the second quarter of 2020:
| City | Apr. - June 2020 Home Sales | Apr. - June 2019 Home Sales | % change (Total Home Sales) | Apr. - June 2020 Median Sales Price | Apr. - June 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Tonka Bay | 2 | 7 | -71.4% | $504,000 | $1,060,000 | -52.5% |
| Minnetrista | 28 | 50 | -44% | $473,533.50 | $409,999.50 | 15.5% |
| Shorewood | 28 | 40 | -30% | $450,000 | $550,000 | -18.2% |
| Greenfield | 11 | 14 | -21.4% | $429,900 | $418,750 | 2.7% |
| Minnetonka | 127 | 256 | -50.4% | $423,000 | $389,450 | 8.6% |
| Independence | 7 | 18 | -61.1% | $419,900 | $439,500 | -4.5% |
| Eden Prairie | 113 | 290 | -61% | $407,500 | $430,500 | -5.3% |
| Loretto | 1 | 2 | -50% | $389,900 | $198,000 | 96.9% |
| Dayton | 15 | 16 | -6.3% | $370,800 | $276,778.35 | 34% |
| Plymouth | 194 | 331 | -41.4% | $369,300 | $374,000 | -1.3% |
| St. Anthony | 12 | 22 | -45.5% | $359,500 | $330,000 | 8.9% |
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