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INDEPENDENCE, OR 97351

Real Estate Market Report  ·  Marion County
Balanced Market
February 2026  ·  Source: Realtor.com

Market Analysis

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

The INDEPENDENCE, OR real estate market (97351) currently shows 31 active listings, with 14 pending sales. Homes are averaging 85 days on the market before going under contract.

Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice.

Homes are selling faster, averaging 85 days on market compared to 113 days last year.

The median listing price has fallen 19% year-over-year, from $543,438 to $440,000.

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
31
⇧ 19.2% vs 26 last year
Pending
14
45% pending ratio
Median Price
$440,000
⇩ 19% vs $543,438 last year
Average Price
$654,560
⇩ 15.1% vs $770,965 last year
Days on Market
85
⇩ 24.8% vs 113 days last year

Price Per Square Foot

Median $/sqft
$283
⇩ 11.8% vs $321/sqft last year
Median Home Size
1,812 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 31 this year vs 26 last year
  • Days on market: 85 now vs 113 last year

Median & Average Pricing

Year over Year
  • Median: $440,000 (-19% YoY)
  • Average: $654,560 (-15.1% 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 — 713 listings ($446,413,826 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
97351Independence, OR 973510.0 mi32$19,390,464$432,500$605,952
97302Salem, OR 973026.8 mi159$100,713,462$544,950$633,418
97352Jefferson, OR 973529.6 mi17$11,645,731$599,450$685,043
97371Rickreall, OR 9737110.5 mi4$5,000,000$1,475,000$1,250,000
97301Salem, OR 9730111.3 mi126$53,362,260$395,000$423,510
97304Salem, OR 9730412.1 mi127$91,576,144$578,450$721,072
97317Salem, OR 9731713.8 mi55$41,622,570$694,000$756,774
97330Corvallis, OR 9733014.8 mi81$63,027,963$675,000$778,123
97325Aumsville, OR 9732515.8 mi14$8,927,254$615,000$637,661
97305Salem, OR 9730517.1 mi78$37,204,518$434,900$476,981
97335Crabtree, OR 9733520.0 mi2$1,098,000$549,000$549,000
97389Tangent, OR 9738921.5 mi4$1,525,200$369,900$381,300
97385Sublimity, OR 9738521.9 mi14$11,320,260$749,000$808,590

Frequently Asked Questions

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

As of February 2026, there are 31 active listings in INDEPENDENCE, OR (zip code 97351), compared to 26 the prior year.

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

The median listing price in INDEPENDENCE, OR 97351 is $440,000 as of February 2026, a 19% decrease from $543,438 the prior year.

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

Homes in INDEPENDENCE, OR 97351 spend an average of 85 days on the market before going under contract, compared to 113 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 February 2026, INDEPENDENCE, OR 97351 is currently a Balanced Market. Inventory has increased compared to last year, with 5 more homes available — giving buyers more choice. Homes are selling faster, averaging 85 days on market compared to 113 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 $8,800 compared to a typical 5% commission on the median listing price of $440,000. 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.