Is Independence, OR 97351 a buyer’s or seller’s market?
Independence is a balanced market. With about 4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 55% of U.S. ZIP codes, and #72 of 170 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, 30% of homes in Independence, OR 97351 sold above their list price, the typical home went under contract in 58 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 24 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 25%, homes sold faster (89 days then) and the median sale price fell 14% to $414,821. Overall, Independence is more competitive than a year ago, so tougher for buyers.
Within Polk 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 #72 of 170 OR ZIP codes with enough sales (score 54 out of 100).
Nearby, buyers who want less competition could look at Rickreall 97371 (0% sold over asking) or Dallas 97338 (15% sold over asking).
Run the numbers for 97351
Nearby markets
Dallas 97338Balanced $284 /sq ftFalls City 97344 — /sq ftMonmouth 97361Balanced $284 /sq ftRickreall 97371Buyer’s market $279 /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 balanced market: there were 4 months of supply in Independence, OR 97351 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 58 days in the latest three months.
Do homes in Independence sell over asking?
30% of homes sold above their original list price, and the typical sale closed at 100.2% of the list price.
What are property taxes in Independence?
About 0.80% of a home’s value a year in Polk County, or roughly $3,200 on a $400,000 home.
What is the median home price in Independence?
The median sale price was $414,821 in the three months ending August 31, 2026, about $294 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