Median home prices in Independence rose to $1,150,000 in January 2021

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The median sale price of a home sold in January 2021 in Independence rose by $537,500 while total sales remained unchanged with two homes sold, according to

In January 2021, there were two homes sold, with a median sale price of $1,150,000 - a 87.8% increase over the $612,500 median sale price for the same period of the previous year. There were two homes sold in Independence in January 2020, as well.

The median sales tax in Independence for the most recent year with available data, 2019, was $5,374, approximately 0.5% of the median home sale price for January 2021.

The following table compares Independence to other Hennepin County cities with similar median sale prices in January 2021:

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Medicine Lake110%$990,000$475,000108.4%
Golden Valley915-40%$457,000$325,00040.6%
Long Lake23-33.3%$399,450$285,00040.2%

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