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Featured local agent — Independence, MN
Sarah Mitchell
Compass Real Estate · Independence, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Independence, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$900,000median sale price
How is the Independence, MN housing market right now?
The median home sale price in Independence, MN is $900,000, up 28.6% year-over-year. Homes sell in an average of 12 days with 14 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Independence a buyer's or seller's market?
Independence, MN is currently a balanced market, based on 4.7 months of supply and homes selling in about 12 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
12
Fast-moving
Active listings
14
4.7 months supply
Sale-to-list
100.0%
Above asking
What does the Independence housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $900,000 |
| Median list price | $1.06M |
| Year-over-year price change | +28.6% |
| Average days on market | 12 days |
| Active inventory | 14 listings |
| Months of supply | 4.7 months |
| Sale-to-list price ratio | 100.0% |
| Median price per sq ft | $362/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 8 |
| Listings with a price cut | 14.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Independence by property type?
How the Independence, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $900,000 | $362/sq ft | 3 | 12 days |
Source: Redfin · Updated monthly
The Independence housing market is currently classified as a balanced market with a median sale price of $900,000. Prices have risen 28.6% compared to last year, with homes spending an average of 12 days on market, indicating 4.7 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.2x provides context for how home values compare to local earning capacity.
Homes for sale in Independence
There are currently 14 homes listed for sale in Independence, Minnesota. The median listing price is $1.1M.
Active listings
14
Homes on market
Median list price
$1.1M
Avg. days on market
12
Days until sale
New this week
8
Newly listed
Who lives in Independence?
Population
3,695
Median income
$194,205/yr
Median age
45.9 years
Owner-occupied
91.6%
College grads
62.9%
Avg commute
26.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Independence?
Zillow home value
$819,203
Price-to-income
4.2x
Source: Zillow Research
What is it like to live in Independence?
Independence is a community of approximately 4K residents with a median age of 45.9 years.The median household income is $194,205, which reflects a relatively affluent area with strong earning potential. 62.9% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 91.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Independence offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Independence, MN?
Want a head-to-head view? Compare Independence side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Independence?
The median home sale price in Independence is $900,000, up 28.6% from last year.
How long do homes stay on market in Independence?
Homes typically spend 12 days on market before going under contract.
What is the median income in Independence?
The median household income is $194,205 per year.
Is Independence a buyer's or seller's market?
With 4.7 months of supply, Independence is currently a balanced market.
What is the Zillow home value estimate for Independence?
The Zillow Home Value Index (ZHVI) for Independence is $819,203, representing the typical home value in the area.
How much does a single-family home cost in Independence?
The median single-family home price in Independence, MN is $900,000 (about $362 per square foot).
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