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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Independence is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Independence was a Buyer's Market.

Key Takeaway

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

Housing Prices in Independence, WI

How much do homes in Independence, WI cost?

Median Sold Price

$196,880

$127/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$11,880(+6.4%)

Key Takeaway

Homes in Independence have sold for 6.4% more than they did a month ago.

Summary: The median home sold price in Independence was $196,880 in October 2024, up 6.4% from last month, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $185K$196.8K
+6.4%
4 --
N/A
5+ --
N/A

Summary: Independence housing prices by bedroom type for October 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 increased by 6.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Independence, WI

How many homes are available in Independence, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
880.0%

Summary: The Independence real estate market had 8 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 12
+100.0%
3 65
-16.7%
4 11
0.0%
5+ 00
0.0%

Summary: The Independence housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Independence, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Independence in October 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Independence, WI

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 7 Days Ago

Newest Listings in Independence, WI

Nearby Markets to Independence, WI