Prices, inventory, and demand — distilled every month into one clear verdict: buyer’s market or seller’s. The investor’s read, before you make an offer.
The median asking price in Independence is about $219,000 as of Oct 2026, down 0.7% from a year ago. Asking price per square foot is up 3.1%, so read the median with care: it moves with which homes happen to be listed. That is the asking price on listed homes, so sold-price and home-value sites show different numbers (why).
Only on the right house. Neither side has the upper hand in Independence right now. Independence is close to its 2017–2019 normal for this time of year. The market will not hand you a discount. You have to find it in one specific listing.
Asking price per square foot in Independence is up 3.1% over the last year. 3 of the 8 ZIP codes with at least 10 listings rose. 64052 led at up 13.2%, and 64054 trailed at down 14.3%. The gains are uneven. Price each ZIP on its own trend. Over five years the pace has been 5.7% a year. Underwrite closer to that than to the last twelve months.
The median asking price is 13.1% below its May 2026 peak. Per square foot the gap is smaller: 3.4% below the Apr 2026 high. Part of the drop is smaller homes coming to market. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house. Independence prices have risen in 110 of the last 112 months. Drops here have been short and shallow. Buying in a slow month has rarely hurt a long hold.
This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.
Ranked among the 15 Missouri markets we track:
In Independence, 39 out of every 100 households rent. Most own their home. That share has held steady for five years. Independence added about 1,300 renter households in five years. Renter households average 2.3 people. Two and three bedrooms fit the typical renter.
Households grew 6% in five years. The housing stock grew 4%. Demand is outrunning supply. 8.5% of homes sit empty. That is normal for a healthy market.
The median Independence household earns $61,269 a year. Incomes here have grown 3.5% a year since 2019. Home prices have outrun incomes. Locals are being priced out. A typical home costs 3.6 times the median income. Locals can afford to buy here. Your exit buyer can be a local family. At 30% of income, a tenant on the median income can pay about $1,532 a month.
To see what one Independence address would rent for and cash flow, run it through the app.
For every 100 homes still for sale, 45 are under contract. In 2017–2019 at this time of year it was 52. The rest are still waiting for a buyer. About 1 in 4 sellers has already dropped their price. Each one has learned their first price was too high. Start your offer below their new price.
Independence listings spend a median 44 days on the market. There are 340 homes for sale in Independence. That is 6.0 times the tightest month on record, but below the peak of 380. Supply is steady against last year.
Read when a cheap market is a warning and how we read these numbers, then run the numbers on a deal.
The median asking price in Independence is about $219,000 as of Oct 2026, down 0.7% from a year ago. Asking price per square foot is up 3.1%, so read the median with care: it moves with which homes happen to be listed. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Independence figures cover the 9 ZIP codes with an Independence mailing address, which can reach past city limits.
Neither side has the upper hand in Independence right now. We compare Independence with 2017–2019 at this time of year: 25% of sellers have cut their price, against 19% then; there are 45 pending sales per 100 listings, against 52 then; there are 9% more homes for sale.
The median asking price is 13.1% below its May 2026 peak. Per square foot the gap is smaller: 3.4% below the Apr 2026 high. Part of the drop is smaller homes coming to market. Prices are rising again. Every month you wait costs money. The question is no longer when. It is which house.
64050. Only 39 homes under contract for every 100 still for sale. 33% of sellers there have cut their price, and listings there spend a median 44 days on the market.
Across 9 full years, Independence asking prices ran lowest in January, about 6.8% below the year's average. They peaked in June. The most homes for sale show up in November, about 24% above the yearly average.
Assume +5.7% a year. Independence grew 8.0% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Independence grows about 5.7% a year. That is the number to type in. Prices rose 3.1% over the last year. Use it for timing. The five-year rate is the better guide.
HUD's fiscal year 2026 fair market rent for Jackson County is $1,358 a month for 2 bedrooms and $1,769 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.
ZIP 64050 is on both lists. That is rare. It is the one place in Independence where leverage and growth overlap.
| ZIP | $/sqft, 2 yrs | $/sqft now | Buyers per home | For sale |
|---|---|---|---|---|
| 64054 | +24.1% | $156 | 0.30 | 10 |
| 64052 | +11.6% | $154 | 0.42 | 59 |
| 64055 | +10.5% | $148 | 0.60 | 91 |
| 64056 | +9.9% | $173 | 0.31 | 58 |
| 64050 | +3.6% | $143 | 0.39 | 59 |
Computed from each ZIP's own ten-year history. ZIPs with fewer than 10 homes for sale are excluded: a median across a handful of listings is noise, not a signal.
Independence has nine ZIP codes. Each links to its live market dashboard.
Closest matches on asking price, price per square foot, time on market, buyer demand, and price cuts.
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