First American Market Report
Independence, OR
Single-Family Homes
First American Title Company | www.firstam.com
Independence, OR
Tue Oct 15 2024
This week the median list price for Independence, OR is $533,250 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has increased to 32.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.
Real-Time Market Profile
| Median List Price | $533,250 | |
| Median Price of New Listings | $414,900 | |
| Per Square Foot | $296 | |
| Average Days on Market | 148 | |
| Median Days on Market | 53 | |
| Price Decreased | 38% | |
| Price Increased | 9% | |
| Relisted | 9% | |
| Inventory | 32 | |
| Median Rent | ||
| Market Action | 29 | |
| Slight Buyer's Advantage | ||
The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $1,049,500 | 2,735 | 5 - 10 acres | 4 | 3.3 | 94 | 0 | 0 | 70 |
| $565,000 | 1,831 | 4,500 - 6,500 sqft | 3 | 2 | 6 | 1 | 0 | 87 |
| $447,500 | 1,563 | 4,500 - 6,500 sqft | 3 | 2 | 4 | 1 | 0 | 101 |
| $376,250 | 1,205 | 4,500 - 6,500 sqft | 3 | 1.8 | 80 | 3 | 2 | 21 |