In August 2018, there were seven homes sold, with a median sale price of $520,000 - a 57.6% increase over the $330,000 median sale price for the same period of the previous year. There were three homes sold in Independence in August 2017.
The median sales tax in Independence for the most recent year with available data, 2015, was $5,414, approximately 1% of the median home sale price for August 2018.
The following table compares Independence to other Hennepin County cities with similar median sales prices in August 2018:
| City | Aug. 2018 Home Sales | Aug. 2017 Home Sales | % change (Total Home Sales) | Aug. 2018 Median Sales Price | Aug. 2017 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Wayzata | 8 | 7 | 14.3% | $855,000 | $550,000 | 55.5% |
| Deephaven | 12 | 11 | 9.1% | $680,750 | $689,000 | -1.2% |
| Orono | 31 | 19 | 63.2% | $590,000 | $631,527.23 | -6.6% |
| Medina | 14 | 11 | 27.3% | $584,250 | $503,000 | 16.2% |
| Edina | 87 | 77 | 13% | $527,500 | $550,500 | -4.2% |
| Independence | 7 | 3 | 133.3% | $520,000 | $330,000 | 57.6% |
| Long Lake | 3 | 1 | 200% | $482,000 | $303,000 | 59.1% |
| Shorewood | 17 | 10 | 70% | $450,000 | $374,000 | 20.3% |
| Minnetrista | 32 | 18 | 77.8% | $439,000 | $324,628 | 35.2% |
| Corcoran | 10 | 5 | 100% | $431,250 | $400,000 | 7.8% |
| Excelsior | 2 | 1 | 100% | $410,000 | $575,000 | -28.7% |
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