In May 2021, there were three homes sold, with a median sale price of $484,750 - a 30.1% increase over the $372,500 median sale price for the same period of the previous year. There were four homes sold in Independence in May 2020.
The median sales tax in Independence for the most recent year with available data, 2019, was $5,374, approximately 1.1% of the median home sale price for May 2021.
The following table compares Independence to other Hennepin County cities with similar median sale prices in May 2021:
| City | May 2021 Home Sales | May 2020 Home Sales | % change (Total Home Sales) | May 2021 Median Sales Price | May 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wayzata | 2 | 6 | -66.7% | $896,500 | $1,375,000 | -34.8% |
| Minnetrista | 4 | 9 | -55.6% | $792,500 | $461,307 | 71.8% |
| Corcoran | 2 | 5 | -60% | $664,460.80 | $345,000 | 92.6% |
| Dayton | 1 | 4 | -75% | $598,000 | $287,450 | 108% |
| Eden Prairie | 20 | 45 | -55.6% | $522,500 | $381,500 | 37% |
| Independence | 3 | 4 | -25% | $484,750 | $372,500 | 30.1% |
| Hopkins | 4 | 8 | -50% | $437,500 | $325,000 | 34.6% |
| St. Louis Park | 11 | 51 | -78.4% | $435,000 | $346,000 | 25.7% |
| Mound | 3 | 9 | -66.7% | $435,000 | $239,500 | 81.6% |
| Golden Valley | 9 | 19 | -52.6% | $425,000 | $385,000 | 10.4% |
| Rogers | 6 | 7 | -14.3% | $421,750 | $327,000 | 29% |
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