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Independence Housing Market Report June 2025•Buchanan County, Iowa

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Housing Prices in Independence, IA

How much do homes in Independence, IA cost?

Housing Market Conditions

Is Independence, IA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Independence is a Seller's Market

Difference Since May 2025

Last month, Independence was a Neutral Market.

Insight

Independence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$186,700$126/SqFt
-$38,550
-17.1%

Based on all homes sold in June 2025

Insight

Homes in Independence have sold for 17.1% less than they did a month ago.

Summary: The median home sold price in Independence was $186,700 in June 2025, down 17.1% from last month, and the median price per square foot was $126.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Washington Township
+117.1%
Independence
-17.1%
Sumner Township
-47.4%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2025Jun 2025Change MoM
1--
N/A
2$120.5K$199.9K
+65.9%
3$330K$380K
+15.2%
4-$156.2K
N/A
5--
N/A

Summary: Independence housing price by bedroom type for June 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +65.9%. The home price for 3 bedroom homes increased by +15.2%. The home price for 4 bedroom homes did not change. The home price for 5 bedroom homes did not change.

How does Independence, IA compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Independence, IA

Housing supply in Independence, IA

How many homes are available in Independence, IA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
14Last MonthJun 2025
142 months agoMay 2025
0.0 %
Change MoMMay – Jun

Summary: The Independence real estate market had 14 homes for sale in Jun 2025, the same as May 2025

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
6Last MonthJun 2025
22 months agoMay 2025
+200.0 %
Change MoMMay – Jun

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsMay 2025Jun 2025Change MoM
100
0.0%
275
-28.6%
345
+25.0%
433
0.0%
501
+100.0%

Summary: Independence housing inventory by bedroom type for June 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -28.6%. The inventory for 3 bedroom homes increased by +25.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +100.0%.

Asking Price vs. Sold Price

How much do homes in Independence, IA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price1 Home

Under Asking Price2 Homes

Insight

If you're buying a home in Independence, you could pay more than the asking price. 50% of homes here sold above asking price last month.

Summary: A total of 6 homes were sold or pending in Independence in June 2025, up by 200.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 17% were sold at asking, and and 50% were sold over asking.

Days on Market for Independence, IA

How long does it take to sell a home in Independence, IA?

Breakdown of Home Sale Times

Under 30 Days4 Homes

30 – 90 Days1 Home

Over 90 Days1 Home

Insight

Many homes in Independence are selling fast, if you're buying plan to act quickly.

Summary: During June 2025, 6 homes were sold in Independence; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
60 DaysLast MonthJun 2025
179 Days1 month agoMay 2025
-66.6 %
Change MoMMay – Jun

Summary: Homes in Independence had an average listing age of 60 days in Jun 2025, down by 66.6% compared to the previous month.

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Newest Listings in Independence, IA

What homes are available in Independence, IA?

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Nearby markets

Nearby markets aren't available for Independence, IA

Popular Cities with Homes for Sale in Iowa

MLS Disclaimers and Copyright

Based on information from Cedar Rapids MLS, and Des Moines MLS for the period 05/01/2025 - 07/01/2025

IDXProvided Courtesy Of Cedar Rapids Area Association of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Is Believed To Be Accurate But Not Guaranteed.
Copyright 2025 Cedar Rapids Area Association of REALTORS®. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/25/2025, 4:45:26 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Des Moines Area Association of Realtors. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Des Moines Area Association of Realtors. All Rights Reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/25/2025, 4:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.