First American Market Report

Independence, OR

Single-Family Homes

First American Title Company | www.firstam.com



Independence, OR

Sat Dec 21 2024
This week the median list price for Independence, OR is $545,000 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has decreased to 19. 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 Seller's Advantage

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Independence, OR

Sat Dec 21 2024
This week the median list price for Independence, OR is $545,000 with the market action index hovering around 35. This is an increase over last month's market action index of 33. Inventory has decreased to 19. 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 Seller's Advantage

Market Narrative

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Independence market.
Median List Price $545,000
Median Price of New Listings $1,000,000
Per Square Foot $285
Average Days on Market 215
Median Days on Market 105
Price Decreased 58%
Price Increased 16%
Relisted 16%
Inventory 19
Median Rent
Market Action 35
Slight Seller'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
$2,022,500 2,760 10 - 20 acres 3 2.5 109 1 2 108
$642,000 1,673 4,500 - 6,500 sqft 4 2.5 2 0 1 644
$542,500 1,732 4,500 - 6,500 sqft 3 2 5 0 0 105
$369,950 1,330 4,500 - 6,500 sqft 4 1.5 77 0 0 105