Is Independence, IA 50644 a buyer’s or seller’s market?
Independence is a seller’s market. With about 1.2 months of supply and 26% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 66% of U.S. ZIP codes, and #39 of 156 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Independence housing market right now
In the three months ending August 31, 2026, 26% of homes in Independence, IA 50644 sold above their list price, the typical home went under contract in 14 days and there were 1.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 32 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold faster (35 days then) and the median sale price held steady to $188,418. Overall, Independence is more competitive than a year ago, so tougher for buyers.
Within Buchanan County, homes here sell faster, and more often over asking, than in any other ZIP code in the county. On our competition score, Independence ranks #39 of 156 IA ZIP codes with enough sales (score 64 out of 100).
Nearby, buyers who want less competition could look at Rowley 52329 (0% sold over asking) or Brandon 52210 (0% sold over asking).
Run the numbers for 50644
Nearby markets
Aurora 50607 — /sq ftBrandon 52210Seller’s market $128 /sq ftFairbank 50629Seller’s market $126 /sq ftHazleton 50641Buyer’s market $148 /sq ft Browse all markets →Towns like Independence nearby
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Questions about Independence real estate
Is Independence a buyer’s or seller’s market?
A seller’s market: there were 1.2 months of supply in Independence, IA 50644 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Independence?
The typical home went under contract in 14 days in the latest three months.
Do homes in Independence sell over asking?
26% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.
What are property taxes in Independence?
About 1.36% of a home’s value a year in Buchanan County, or roughly $5,440 on a $400,000 home.
What is the median home price in Independence?
The median sale price was $188,418 in the three months ending August 31, 2026, about $123 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology