Is Independence, LA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Independence has remained a Buyer's Market.
Key Takeaway
Independence is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Independence, LA
How much do homes in Independence, LA cost?
Median Sold Price
$182,000
$172/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in Independence have sold for 19.4% less than they did a month ago.
Summary: The median home sold price in Independence was $182,000 in May 2024, down 19.4% from last month, and the median price per square foot was $172.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $192.5K | $127.3K | -33.8% |
| 4 Bedrooms | $259K | $435K | +68.0% |
| 5+ Bedrooms | - | - | N/A |
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 did not change, 3 bedroom homes decreased by 33.8%, 4 bedroom homes increased by 68%, and 5+ bedroom homes did not change.
Housing Supply in Independence, LA
How many homes are available in Independence, LA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 22 | 25 | +13.6% |
Summary: The Independence real estate market had 25 homes for sale in May 2024, a 13.6% 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 | 4 | 6 | +50.0% |
| 3 Bedrooms | 11 | 12 | +9.1% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
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 increased by 50%, 3 bedroom homes increased by 9.1%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Independence, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Independence in May 2024, up by 50.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Independence, LA
How long does it take to sell a home in Independence, LA?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 40 Days | 234 Days | +479.4% |
Summary: Homes in Independence had an average of 234 days on market in May 2024, up by 479.4% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Independence are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Independence; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
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