From April through June of 2019, there were 17 homes sold, with a median sale price of $380,000 - a 15.6% decrease over the $450,000 median sale price for the same period of the previous year. There were 15 homes sold in Independence in the second quarter of 2018.
The median sales tax in Independence for the most recent year with available data, 2015, was $5,414, approximately 1.4% of the median home sale price for the second quarter of 2019.
The following table compares Independence to other Hennepin County cities with similar median sales prices in the second quarter of 2019:
| City | Apr. - June 2019 Home Sales | Apr. - June 2018 Home Sales | % change (Total Home Sales) | Apr. - June 2019 Median Sales Price | Apr. - June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Corcoran | 27 | 20 | 35% | $412,900 | $417,450 | -1.1% |
| Minnetrista | 49 | 60 | -18.3% | $399,999 | $461,000 | -13.2% |
| Excelsior | 12 | 10 | 20% | $390,000 | $726,750 | -46.3% |
| Minnetonka | 253 | 236 | 7.2% | $390,000 | $385,000 | 1.3% |
| Hanover | 5 | 4 | 25% | $385,000 | $494,444 | -22.1% |
| Independence | 17 | 15 | 13.3% | $380,000 | $450,000 | -15.6% |
| Plymouth | 331 | 356 | -7% | $374,000 | $375,000 | -0.3% |
| Golden Valley | 119 | 115 | 3.5% | $343,000 | $325,000 | 5.5% |
| St. Anthony | 22 | 23 | -4.3% | $330,000 | $315,818 | 4.5% |
| Long Lake | 5 | 9 | -44.4% | $325,000 | $305,000 | 6.6% |
| Maple Grove | 329 | 324 | 1.5% | $324,900 | $304,000 | 6.9% |
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