From July through September of 2021, there were 14 homes sold, with a median sale price of $1,092,500 - a 68.7% increase over the $647,500 median sale price for the same period of the previous year. There were 12 homes sold in Independence in the third quarter of 2020.
The median sales tax in Independence for the most recent year with available data, 2019, was $5,374, approximately 0.5% of the median home sale price for the third quarter of 2021.
The following table compares Independence to other Hennepin County cities with similar median sale prices in the third quarter of 2021:
| City | July - Sept. 2021 Home Sales | July - Sept. 2020 Home Sales | % change (Total Home Sales) | July - Sept. 2021 Median Sales Price | July - Sept. 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Greenwood | 4 | 3 | 33.3% | $2,076,050 | $1,150,000 | 80.5% |
| Woodland | 1 | 2 | -50% | $1,295,000 | $2,340,000 | -44.7% |
| Independence | 14 | 12 | 16.7% | $1,092,500 | $647,500 | 68.7% |
| Medina | 25 | 27 | -7.4% | $900,000 | $641,250 | 40.4% |
| Spring Park | 1 | 6 | -83.3% | $855,000 | $377,500 | 126.5% |
| Shorewood | 13 | 29 | -55.2% | $805,000 | $520,000 | 54.8% |
| Minnetonka Beach | 5 | 1 | 400% | $740,000 | $1,980,000 | -62.6% |
| Deephaven | 16 | 21 | -23.8% | $667,500 | $600,000 | 11.3% |
| Orono | 23 | 33 | -30.3% | $660,000 | $642,000 | 2.8% |
| Edina | 140 | 159 | -11.9% | $655,500 | $601,000 | 9.1% |
| Dayton | 16 | 17 | -5.9% | $602,500 | $310,000 | 94.4% |
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