From January through December of 2020, there were 40 homes sold, with a median sale price of $573,578 - a 27.6% increase over the $449,515 median sale price for the previous year. There were 62 homes sold in Independence in 2019.
The median sales tax in Independence for the most recent year with available data, 2019, was $5,374, approximately 0.9% of the median home sale price for 2020.
The following table compares Independence to other Hennepin County cities with similar median sale prices in 2020:
| City | Jan. - Dec. 2020 Home Sales | Jan. - Dec. 2019 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2020 Median Sales Price | Jan. - Dec. 2019 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Spring Park | 13 | 15 | -13.3% | $648,500 | $624,900 | 3.8% |
| Deephaven | 53 | 83 | -36.1% | $600,000 | $660,000 | -9.1% |
| Medina | 86 | 125 | -31.2% | $597,500 | $593,303 | 0.7% |
| Edina | 503 | 731 | -31.2% | $575,000 | $557,000 | 3.2% |
| Medicine Lake | 3 | 7 | -57.1% | $574,000 | $875,000 | -34.4% |
| Independence | 40 | 62 | -35.5% | $573,577.50 | $449,514.53 | 27.6% |
| Shorewood | 99 | 135 | -26.7% | $503,500 | $475,000 | 6% |
| Orono | 104 | 179 | -41.9% | $497,500 | $714,000 | -30.3% |
| Minnetrista | 142 | 194 | -26.8% | $482,500 | $421,500 | 14.5% |
| Minnetonka | 485 | 811 | -40.2% | $422,000 | $389,000 | 8.5% |
| Eden Prairie | 452 | 877 | -48.5% | $415,000 | $393,500 | 5.5% |
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