In June 2019, there were nine homes sold, with a median sale price of $335,000 - a 41.7% decrease over the $574,950 median sale price for the same period of the previous year. There were four homes sold in Independence in June 2018.
The median sales tax in Independence for the most recent year with available data, 2015, was $5,414, approximately 1.6% of the median home sale price for June 2019.
The following table compares Independence to other Hennepin County cities with similar median sales prices in June 2019:
| City | June 2019 Home Sales | June 2018 Home Sales | % change (Total Home Sales) | June 2019 Median Sales Price | June 2018 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Minnetonka | 99 | 73 | 35.6% | $372,000 | $369,900 | 0.6% |
| Golden Valley | 42 | 46 | -8.7% | $344,700 | $326,750 | 5.5% |
| Long Lake | 2 | 5 | -60% | $342,450 | $305,000 | 12.3% |
| St. Louis Park | 87 | 103 | -15.5% | $342,000 | $305,900 | 11.8% |
| Excelsior | 3 | 2 | 50% | $340,000 | $839,250 | -59.5% |
| Independence | 9 | 4 | 125% | $335,000 | $574,950 | -41.7% |
| Maple Grove | 149 | 126 | 18.3% | $329,900 | $311,500 | 5.9% |
| Rogers | 17 | 28 | -39.3% | $320,000 | $328,500 | -2.6% |
| Spring Park | 1 | 2 | -50% | $299,250 | $170,000 | 76% |
| Minneapolis | 636 | 587 | 8.3% | $295,000 | $270,500 | 9.1% |
| Mound | 25 | 20 | 25% | $294,900 | $247,500 | 19.2% |
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