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INDEPENDENCE, VA 24348

Real Estate Market Report  ·  Grayson County
Buyer's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
17
⇧ 30.8% vs 13 last year
Pending
5
29% pending ratio
Median Price
$310,000
⇧ 27.7% vs $242,750 last year
Average Price
$440,115
⇧ 28.4% vs $342,695 last year
Days on Market
152
⇧ 176.4% vs 55 days last year

Market Context

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

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

Market Analysis

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

The INDEPENDENCE, VA real estate market (24348) currently shows 17 active listings, with 5 pending sales. Homes are averaging 152 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 152 days on market compared to 55 days last year.

The median listing price has risen 27.7% year-over-year, from $242,750 to $310,000.

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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 17 this year vs 13 last year
  • Days on market: 152 now vs 55 last year

Median & Average Pricing

Year over Year
  • Median: $310,000 (+27.7% YoY)
  • Average: $440,115 (+28.4% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.3 miles — 237 listings ($112,983,162 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
24348Independence, VA 243480.0 mi17$7,481,955$310,000$440,115
28675Sparta, NC 286759.4 mi42$15,185,016$299,900$361,548
24330Fries, VA 2433010.1 mi15$4,518,540$199,000$301,236
24363Mouth Of Wilson, VA 2436312.7 mi8$6,725,600$975,000$840,700
24333Galax, VA 2433313.6 mi68$21,289,644$249,900$313,083
24378Troutdale, VA 2437814.6 mi11$4,135,637$329,000$375,967
24375Sugar Grove, VA 2437515.1 mi8$1,413,544$137,500$176,693
28627Glade Valley, NC 2862715.7 mi7$5,704,503$745,000$814,929
28617Crumpler, NC 2861715.8 mi17$14,174,039$599,999$833,767
28668Roaring Gap, NC 2866819.0 mi10$6,887,500$535,000$688,750
27024Lowgap, NC 2702420.2 mi2$4,594,300$2,297,150$2,297,150
28640Jefferson, NC 2864020.8 mi28$19,282,984$569,900$688,678
28635Hays, NC 2863521.3 mi4$1,589,900$327,450$397,475

Frequently Asked Questions

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

As of January 2026, there are 17 active listings in INDEPENDENCE, VA (zip code 24348), compared to 13 the prior year.

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

The median listing price in INDEPENDENCE, VA 24348 is $310,000 as of January 2026, a 27.7% increase from $242,750 the prior year.

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

Homes in INDEPENDENCE, VA 24348 spend an average of 152 days on the market before going under contract, compared to 55 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 January 2026, INDEPENDENCE, VA 24348 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 152 days on market compared to 55 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 $6,200 compared to a typical 5% commission on the median listing price of $310,000. 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.