From January through June, there were 19 homes sold, with a median sale price of $499,900 - a 21.1 percent decrease from the $633,375 median sale price for the same period of the previous year. There were 16 homes sold in Independence in the first half of 2021.
The median sales tax in Independence for the most recent year with available data, 2019, was $5,374, approximately 1.1 percent of the median home sale price for the first half of 2022.
The following table compares Independence to other Hennepin County cities with similar median sale prices in the first half of 2022:
| City | January - June 2022 Home Sales | January - June 2021 Home Sales | % change (Total Home Sales) | January - June 2022 Median Sales Price | January - June 2021 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Minnetrista | 90 | 61 | 47.5 | $580,000 | $560,000 | 3.6 |
| Hanover | 11 | 4 | 175 | $569,500 | $380,995 | 49.5 |
| Greenfield | 20 | 15 | 33.3 | $559,000 | $355,000 | 57.5 |
| Shorewood | 38 | 34 | 11.8 | $550,500 | $535,663 | 2.8 |
| Minnetonka | 314 | 186 | 68.8 | $530,000 | $475,000 | 11.6 |
| Independence | 19 | 16 | 18.8 | $499,900 | $633,375 | -21.1 |
| Eden Prairie | 327 | 244 | 34 | $475,000 | $442,500 | 7.3 |
| Plymouth | 444 | 269 | 65.1 | $463,925 | $430,000 | 7.9 |
| Corcoran | 26 | 26 | 0 | $462,500 | $462,500 | 0 |
| Spring Park | 6 | 6 | 0 | $455,000 | $450,000 | 1.1 |
| Excelsior | 7 | 11 | -36.4 | $450,000 | $650,000 | -30.8 |
Alerts Sign-up