In May, there were three homes sold, with a median sale price of $956,000 - a 167.8 percent increase over the $356,979 median sale price for the same period of the previous year. There were four homes sold in Independence in May 2021.
The median sales tax in Independence for the most recent year with available data, 2019, was $5,374, approximately 0.6 percent of the median home sale price for May.
The following table compares Independence to other Hennepin County cities with similar median sale prices in May:
| City | May 2022 Home Sales | May 2021 Home Sales | % change (Total Home Sales) | May 2022 Median Sales Price | May 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Minnetonka Beach | 1 | 2 | -50 | $3,150,000 | $1,248,000 | 152.4 |
| Deephaven | 3 | 2 | 50 | $1,305,000 | $898,765 | 45.2 |
| Medicine Lake | 1 | 0 | - | $970,000 | $0 | - |
| Independence | 3 | 4 | -25 | $956,000 | $356,979 | 167.8 |
| Spring Park | 2 | 0 | - | $780,000 | $0 | - |
| Edina | 55 | 51 | 7.8 | $725,000 | $762,500 | -4.9 |
| Medina | 6 | 5 | 20 | $667,500 | $1,300,000 | -48.7 |
| Hanover | 3 | 1 | 200 | $635,000 | $388,900 | 63.3 |
| Greenfield | 4 | 3 | 33.3 | $621,500 | $355,000 | 75.1 |
| Corcoran | 4 | 8 | -50 | $617,500 | $502,000 | 23 |
| Minnetrista | 14 | 13 | 7.7 | $577,113 | $785,000 | -26.5 |
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