In May 2021, there were four homes sold, with a median sale price of $270,000 - a 8.2% decrease over the $294,000 median sale price for the same period of the previous year. There were six homes sold in Independence in May 2020.
The median sales tax in Independence for the most recent year with available data, 2019, was $4,487, approximately 1.7% of the median home sale price for May 2021.
The following table compares Independence to other Cuyahoga County cities with similar median sale prices in May 2021:
| City | May 2021 Home Sales | May 2020 Home Sales | % change (Total Home Sales) | May 2021 Median Sales Price | May 2020 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Solon | 26 | 20 | 30% | $294,949.50 | $372,750 | -20.9% |
| Rocky River | 25 | 29 | -13.8% | $287,000 | $265,000 | 8.3% |
| Brooklyn Heights | 1 | 3 | -66.7% | $286,000 | $155,000 | 84.5% |
| Strongsville | 43 | 44 | -2.3% | $283,000 | $212,000 | 33.5% |
| Mayfield | 4 | 4 | 0% | $275,500 | $262,500 | 5% |
| Independence | 4 | 6 | -33.3% | $270,000 | $294,000 | -8.2% |
| Olmsted Township | 10 | 10 | 0% | $258,000 | $157,250 | 64.1% |
| Olmsted Falls | 10 | 12 | -16.7% | $256,250 | $162,250 | 57.9% |
| Bay Village | 18 | 22 | -18.2% | $254,750 | $242,450 | 5.1% |
| North Royalton | 23 | 34 | -32.4% | $250,000 | $188,356 | 32.7% |
| Lakewood | 58 | 52 | 11.5% | $239,750 | $203,500 | 17.8% |
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