Is Independence, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Independence was a Seller's Market.
Housing Prices in Independence, OR
How much do homes in Independence, OR cost?
Median Sold Price
$455,000
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Independence was $455,000 in March 2024, up 12.3% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $305K | $315K | +3.3% |
3 Bedrooms | $402.7K | $455K | +13.0% |
4 Bedrooms | $415K | $490K | +18.1% |
5+ Bedrooms | - | $534.3K | N/A |
Summary: Independence housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.3%, 3 bedroom homes increased by 13%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Monmouth | $438.8K | $612.3K | +39.5% |
Monmouth-Independence | $425K | $499K | +17.4% |
Independence | $405.2K | $455K | +12.3% |
Housing Supply in Independence, OR
How many homes are available in Independence, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
26 | 28 | +7.7% |
Summary: The Independence real estate market had 28 homes for sale in March 2024, a 7.7% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 1 | +100.0% |
3 Bedrooms | 16 | 16 | 0.0% |
4 Bedrooms | 8 | 10 | +25.0% |
5+ Bedrooms | 2 | 1 | -50.0% |
Summary: The Independence housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
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 March 2024, down by 50.0% month-over-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, OR
How long does it take to sell a home in Independence, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
70 Days | 5 Days | -92.9% |
Summary: Homes in Independence had an average of 5 days on market in Mar 2024, down by 92.9% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 1 homes were sold in Independence; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.