Housing Prices in Independence, KY
How much do homes in Independence, KY cost?
Median List Price
$378,000
$184/sqft
Based on all homes listed in May 2024.
Difference Since Last Month
Key Takeaway
The list price of homes in Independence has decreased by 3% since April.
Summary: The median home list price in Independence was $378,000 in May 2024, down 3% from the previous month, and the median price per square foot was $184.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $278.2K | $234.9K | -15.6% |
| 3 Bedrooms | $330.3K | $310K | -6.2% |
| 4 Bedrooms | $434.1K | $424.9K | -2.1% |
| 5+ Bedrooms | $502.4K | $575K | +14.5% |
Summary: Independence housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.6%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes increased by 14.5%.
Median List Price Compared To Nearby Cities
| Elsmere | $160K | $219K | +36.9% |
| Independence | $389.7K | $378K | -3.0% |
| Ft Mitchell | $550.1K | $450K | -18.2% |
| Latonia | $269.8K | $215K | -20.3% |
Housing Supply in Independence, KY
How many homes are available in Independence, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 42 | 70 | +66.7% |
Summary: The Independence real estate market had 70 homes for sale in May 2024, a 66.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 16 | 31 | +93.8% |
| 4 Bedrooms | 16 | 28 | +75.0% |
| 5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Independence housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 93.8%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 25%.
Days on Market for Independence, KY
How long does it take to sell a home in Independence, KY?
Average Listing Age
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 56 Days | 46 Days | -17.5% |
Summary: Homes in Independence had an average listing age of 46 days in May 2024, down by 17.5% compared to the previous month.
