From January through June of 2021, there were 14 homes sold, with a median sale price of $708,375 - a 51.9% increase over the $466,400 median sale price for the same period of the previous year. There were 22 homes sold in Independence in the first half of 2020.
The median sales tax in Independence for the most recent year with available data, 2019, was $5,374, approximately 0.8% of the median home sale price for the first half of 2021.
The following table compares Independence to other Hennepin County cities with similar median sale prices in the first half of 2021:
| City | Jan. - June 2021 Home Sales | Jan. - June 2020 Home Sales | % change (Total Home Sales) | Jan. - June 2021 Median Sales Price | Jan. - June 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Greenwood | 4 | 3 | 33.3% | $1,332,060.50 | $375,000 | 255.2% |
| Minnetonka Beach | 2 | 2 | 0% | $1,248,000 | $1,315,000 | -5.1% |
| Medicine Lake | 1 | 3 | -66.7% | $990,000 | $574,000 | 72.5% |
| Deephaven | 12 | 25 | -52% | $898,765.45 | $703,800 | 27.7% |
| Orono | 45 | 52 | -13.5% | $745,000 | $481,900 | 54.6% |
| Independence | 14 | 22 | -36.4% | $708,375 | $466,400 | 51.9% |
| Edina | 207 | 282 | -26.6% | $693,000 | $559,250 | 23.9% |
| Tonka Bay | 9 | 8 | 12.5% | $670,000 | $611,250 | 9.6% |
| Wayzata | 16 | 21 | -23.8% | $649,250 | $870,000 | -25.4% |
| Excelsior | 6 | 13 | -53.8% | $622,450 | $658,500 | -5.5% |
| Medina | 17 | 46 | -63% | $605,000 | $551,000 | 9.8% |
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