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North Hennepin News

Wednesday, November 27, 2024

Independence home prices fall in January 2019

Re 14

The median sale price of a home sold in January 2019 in Independence fell by $195,750 while total sales increased by 150%, according to BlockShopper.com.

In January 2019, there were five homes sold, with a median sale price of $252,500 - a 43.7% decrease over the $448,250 median sale price for the same period of the previous year. There were two homes sold in Independence in January 2018.

The median sales tax in Independence for the most recent year with available data, 2015, was $5,414, approximately 2.1% of the median home sale price for January 2019.

The following table compares Independence to other Hennepin County cities with similar median sales prices in January 2019:

CityJan. 2019 Home SalesJan. 2018 Home Sales% change (Total Home Sales)Jan. 2019 Median Sales PriceJan. 2018 Median Sales Price% change (Median Sales Price)
St. Anthony5366.7%$285,500$295,000-3.2%
St. Louis Park42397.7%$282,000$261,1758%
Bloomington5363-15.9%$270,000$245,00010.2%
Maple Grove4555-18.2%$268,725$313,000-14.1%
Champlin1518-16.7%$264,000$253,0004.3%
Independence52150%$252,500$448,250-43.7%
Minneapolis3223171.6%$249,950$229,9008.7%
New Hope1522-31.8%$240,000$216,50010.9%
Mound14875%$239,750$231,9503.4%
Brooklyn Park685817.2%$231,500$224,0003.3%
Richfield2629-10.3%$226,500$232,500-2.6%

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