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. Click here to stay informed with the Independence market!

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.

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. Click here to stay informed with the Independence market!

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

Never miss important changes in the Independence market.
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