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INDEPENDENCE, OR 97351

Real Estate Market Report
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The INDEPENDENCE, OR real estate market (97351) currently shows 29 active listings, with 15 pending sales. Homes are averaging 129 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 129 days on market compared to 62 days last year.

The median listing price has fallen 12.2% year-over-year, from $536,250 to $470,750.

Whether you are buying or selling in INDEPENDENCE, OR, 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: 11,144  ·  Density: 82.3/mi²  ·  Median household income: $76,385

Typical home value: $313,568  ·  Homeownership: 61.3%

Market Overview

Active Listings
29
⇩ 17.1% vs 35 last year
Pending
15
52% pending ratio
Median Price
$470,750
⇩ 12.2% vs $536,250 last year
Average Price
$699,694
⇩ 4.1% vs $729,862 last year
Days on Market
129
⇧ 108.1% vs 62 days last year

Price Per Square Foot

Median $/sqft
$300
⇧ 6.4% vs $282/sqft last year
Median Home Size
1,811 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 29 this year vs 35 last year
  • Days on market: 129 now vs 62 last year

Median & Average Pricing

Year over Year
  • Median: $470,750 (-12.2% YoY)
  • Average: $699,694 (-4.1% 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 21.9 miles — 777 listings ($508,856,709 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97351Independence, OR 973510.0 mi31$20,291,360$440,000$654,560
97302Salem, OR 973026.8 mi169$109,601,232$546,950$648,528
97352Jefferson, OR 973529.6 mi18$38,512,818$635,000$2,139,601
97371Rickreall, OR 9737110.5 mi4$5,000,000$1,475,000$1,250,000
97301Salem, OR 9730111.3 mi148$63,119,484$399,675$426,483
97304Salem, OR 9730412.1 mi135$94,613,265$579,325$700,839
97317Salem, OR 9731713.8 mi61$45,274,444$628,000$742,204
97330Corvallis, OR 9733014.8 mi88$66,108,416$671,343$751,232
97325Aumsville, OR 9732515.8 mi16$10,883,584$568,700$680,224
97305Salem, OR 9730517.1 mi85$40,217,665$429,925$473,149
97335Crabtree, OR 9733520.0 mi1$549,000$549,000$549,000
97389Tangent, OR 9738921.5 mi4$1,539,732$369,900$384,933
97385Sublimity, OR 9738521.9 mi17$13,145,709$690,500$773,277

Frequently Asked Questions

How many homes are for sale in INDEPENDENCE, OR 97351?

As of March 2026, there are 29 active listings in INDEPENDENCE, OR (zip code 97351), compared to 35 the prior year.

What is the median home price in INDEPENDENCE, OR 97351?

The median listing price in INDEPENDENCE, OR 97351 is $470,750 as of March 2026, a 12.2% decrease from $536,250 the prior year.

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

Homes in INDEPENDENCE, OR 97351 spend an average of 129 days on the market before going under contract, compared to 62 days the prior year.

Is it a seller's or buyer's market in INDEPENDENCE, OR 97351?

Based on current inventory and days-on-market data as of March 2026, INDEPENDENCE, OR 97351 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 129 days on market compared to 62 days last year.

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

With SELL123.com's maximum 3% commission, sellers in INDEPENDENCE, OR 97351 save an estimated $9,415 compared to a typical 5% commission on the median listing price of $470,750. 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.