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INDEPENDENCE, VA 24348

Real Estate Market Report  ·  Grayson County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The INDEPENDENCE, VA real estate market (24348) currently shows 14 active listings, with 5 pending sales. Homes are averaging 77 days on the market before going under contract.

Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 77 days on market compared to 41 days last year.

The median listing price has fallen 4.2% year-over-year, from $266,125 to $254,975.

Whether you are buying or selling in INDEPENDENCE, VA, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 4,923  ·  Density: 18.7/mi²  ·  Median household income: $41,984

Typical home value: $140,863  ·  Homeownership: 70.1%

Market Overview

Active Listings
14
⇩ 33.3% vs 21 last year
Pending
5
36% pending ratio
Median Price
$254,975
⇩ 4.2% vs $266,125 last year
Average Price
$318,116
⇩ 12.8% vs $364,657 last year
Days on Market
77
⇧ 87.8% vs 41 days last year

Price Per Square Foot

Median $/sqft
$152
⇩ 9.5% vs $168/sqft last year
Median Home Size
1,547 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 14 this year vs 21 last year
  • Days on market: 77 now vs 41 last year

Median & Average Pricing

Year over Year
  • Median: $254,975 (-4.2% YoY)
  • Average: $318,116 (-12.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.4 miles — 204 listings ($80,130,498 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24348Independence, VA 243480.0 mi14$4,926,852$283,075$351,918
28675Sparta, NC 286759.4 mi34$15,263,688$299,350$448,932
24330Fries, VA 2433010.1 mi12$3,138,492$189,700$261,541
24363Mouth Of Wilson, VA 2436312.7 mi4$3,076,916$848,500$769,229
24333Galax, VA 2433313.6 mi65$20,125,755$249,675$309,627
24378Troutdale, VA 2437814.6 mi9$4,633,020$429,000$514,780
24375Sugar Grove, VA 2437515.1 mi7$1,204,497$137,500$172,071
28627Glade Valley, NC 2862715.7 mi7$5,636,498$745,000$805,214
24368Rural Retreat, VA 2436818.9 mi19$7,649,780$233,500$402,620
24381Woodlawn, VA 2438119.5 mi10$3,556,200$334,250$355,620
24311Atkins, VA 2431120.5 mi4$993,900$248,475$248,475
28649McGrady, NC 2864921.3 mi6$2,784,000$464,000$464,000
28643Lansing, NC 2864321.4 mi13$7,140,900$550,000$549,300

Frequently Asked Questions

How many homes are for sale in INDEPENDENCE, VA 24348?

As of April 2026, there are 14 active listings in INDEPENDENCE, VA (zip code 24348), compared to 21 the prior year.

What is the median home price in INDEPENDENCE, VA 24348?

The median listing price in INDEPENDENCE, VA 24348 is $254,975 as of April 2026, a 4.2% decrease from $266,125 the prior year.

How long do homes stay on the market in INDEPENDENCE, VA?

Homes in INDEPENDENCE, VA 24348 spend an average of 77 days on the market before going under contract, compared to 41 days the prior year.

Is it a seller's or buyer's market in INDEPENDENCE, VA 24348?

Based on current inventory and days-on-market data as of April 2026, INDEPENDENCE, VA 24348 is currently a Balanced Market. Inventory has tightened compared to last year, with 7 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 77 days on market compared to 41 days last year.

How much can I save on real estate commission in INDEPENDENCE, VA?

With SELL123.com's maximum 3% commission, sellers in INDEPENDENCE, VA 24348 save an estimated $5,100 compared to a typical 5% commission on the median listing price of $254,975. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.