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INDEPENDENCE, VA 24348

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

Market Analysis

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

The INDEPENDENCE, VA real estate market (24348) currently shows 25 active listings, with 7 pending sales. Homes are averaging 111 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 111 days on market compared to 69 days last year.

The median listing price has risen 17.9% year-over-year, from $313,750 to $369,900.

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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
25
⇧ 13.6% vs 22 last year
Pending
7
28% pending ratio
Median Price
$369,900
⇧ 17.9% vs $313,750 last year
Average Price
$449,724
⇧ 26.1% vs $356,612 last year
Days on Market
111
⇧ 60.9% vs 69 days last year

Price Per Square Foot

Median $/sqft
$183
⇧ 0.5% vs $182/sqft last year
Median Home Size
1,783 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 25 this year vs 22 last year
  • Days on market: 111 now vs 69 last year

Median & Average Pricing

Year over Year
  • Median: $369,900 (+17.9% YoY)
  • Average: $449,724 (+26.1% 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 September 2026, there are 25 active listings in INDEPENDENCE, VA (zip code 24348), compared to 22 the prior year.

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

The median listing price in INDEPENDENCE, VA 24348 is $369,900 as of September 2026, a 17.9% increase from $313,750 the prior year.

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

Homes in INDEPENDENCE, VA 24348 spend an average of 111 days on the market before going under contract, compared to 69 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 September 2026, INDEPENDENCE, VA 24348 is currently a Buyer's Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 111 days on market compared to 69 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 $7,398 compared to a typical 5% commission on the median listing price of $369,900. 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.