Is Independence, IA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Independence has remained a Seller's Market.
Housing Prices in Independence, IA
How much do homes in Independence, IA cost?
Median Sold Price
$320,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Independence was $320,000 in April 2024, up 97% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $76K | - | N/A |
2 Bedrooms | $116.2K | $178.5K | +53.5% |
3 Bedrooms | $164.9K | $359K | +117.7% |
4 Bedrooms | $225K | $234.9K | +4.4% |
5+ Bedrooms | $199.9K | $324K | +62.1% |
Summary: Independence housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 53.5%, 3 bedroom homes increased by 117.7%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 62.1%.
Median Sold Price Compared To Nearby Cities
Independence | $162.4K | $320K | +97.0% |
Washington Township | $200K | $177.4K | -11.3% |
Housing Supply in Independence, IA
How many homes are available in Independence, IA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
2 | 3 | +50.0% |
Summary: The Independence real estate market had 3 homes for sale in April 2024, a 50.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 1 | 1 | 0.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Independence housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Independence in April 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for Independence, IA
We’re sorry, we don't have information for this market at the moment