Homes Under $500K for Sale in Independence, MO
· 406 homes fit this search406 homes fit this search · Sorted by Newest Listed
About Homes Under $500K in Independence, MO
Independence, MO has 406 homes under $500k for sale right now, with a median list price of $215,000. These homes under $500k were built between 1840 and 2026. Most are between 876 and 2,675 square feet.
Housing market trends in Independence, MO (all homes)
438
Homes for sale in Independence · 15 coming soon
$220,000
Median list price
21 days
Median days to contract
2.93 mo
Months of supply
| Measure | Oct 2026 | Sep 2026 | Oct 2025 |
|---|---|---|---|
| Median sale price | $215,000 | $225,000 | $221,500 |
| Median price per sq ft | $131 | $144 | $147 |
| Median days to contract | 22 | 20 | 23 |
| Sell-to-list ratio | 100% | 100% | 100% |
| Homes sold | 122 | 167 | 132 |
| New listings | 217 | 193 | 176 |
| Went under contract | 122 | 131 | 131 |
18 photos
Price Cut · $21K
62 photos
Price Cut · $10K
54 photos
Price Cut · $45K
10 photos
Open Sat 10 AM to 12 PM
22 photos
Price Cut · $20K
36 photos
Price Cut · $55K
61 photos
Price Cut · $41K
$389,000
4beds|3baths|2,585sqft|House for sale
700 S Alexander Rd, Independence, MO
57 photos
Price Cut · $15K
① Independence itself — the place you are on
Popular home searches in Independence
| Search | For sale |
|---|---|
| Open houses | For sale33 |
| Luxury homes | For sale12 |
| Just listed homes | For sale37 |
| Price-reduced homes | For sale183 |
| Coming soon homes | For sale16 |
| Homes under contract | For sale151 |
How we compute these
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
Homes by price in Independence
| Price range | For sale |
|---|---|
| Under $200,000 | For sale183 |
| Under $300,000 | For sale313 |
| Under $400,000 | For sale379 |
| Under $500,000 | For sale406 |
How we compute these
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
② Its neighborhoods — one step out
Nearby neighborhoods to Independence
| Neighborhood | Market (Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.) | Months supply | For sale | Median sale | Sell-to-list | Days to contract | Coming soon | Under contract |
|---|---|---|---|---|---|---|---|---|
| Far View Heights | Seller's | 2.8 mo | 14 | Median$206,000 | 100% | 16d | 1 | 4 |
| Glendale Gardens | Seller's ▼ | 3.3 mo | 9 | Median$240,000 | 104% | 24d | 0 | 2 |
| Sycamore Hills | Strong Seller's | 1.6 mo | 4 | Median$236,000 | 100% | 20d | 0 | 5 |
| Kentucky Hills | Seller's | 3.8 mo | 5 | Median$189,000 | 101% | 45d | 0 | 3 |
| Fairmount | Seller's | 3.4 mo | 7 | Median$128,000 | 102% | 40d | 1 | 0 |
How we compute these
- Market.
- Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.
- Months supply.
- How many months it would take to sell every home now for sale at the pace of the last 90 days: homes for sale ÷ (closings in the last 90 days ÷ 3).
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
- Days to contract.
- The middle number of days between a home being listed and going under contract, over the last 90 days of closings. It is not days-to-close, and it is not how long today's listings have been sitting. Newly built homes are excluded, because a build finishing is not a market moving.
- Coming soon.
- Homes announced but not yet accepting showings. A live count.
- Under contract.
- Homes with an accepted contract that have not closed yet. A live count.
③ Nearby cities — two steps out
Search homes nearby Independence
| Place | Market (Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.) | Months supply | Median list | Sell-to-list | Days to contract | For sale | Coming soon | Under contract |
|---|---|---|---|---|---|---|---|---|
| Independence | Seller's | 3.3 mo | Median$220,000 | 99% | 20d | 453 | 15 | 155 |
| Kansas City | Seller's | 3.9 mo | Median$259,950 | 99% | 21d | 2,179 | 93 | 758 |
| Lee's Summit | Seller's | 2.9 mo | Median$500,000 | 98% | 19d | 428 | 18 | 210 |
| Blue Springs | Seller's | 2.7 mo | Median$384,630 | 99% | 18d | 217 | 14 | 108 |
| Raytown | Seller's | 3.6 mo | Median$213,450 | 98% | 23d | 140 | 10 | 28 |
How we compute these
- Market.
- Market type is set by months of supply — how long it would take to sell every home for sale at the current pace. Under ~4 months favors sellers (low inventory, faster sales, homes near or above asking); over ~6 favors buyers (more choice, more negotiating room). 4–6 is balanced.
- Months supply.
- How many months it would take to sell every home now for sale at the pace of the last 90 days: homes for sale ÷ (closings in the last 90 days ÷ 3).
- Median list.
- The middle asking price among the homes for sale right now. Half are listed above it, half below.
- Days to contract.
- The middle number of days between a home being listed and going under contract, over the last 90 days of closings. It is not days-to-close, and it is not how long today's listings have been sitting. Newly built homes are excluded, because a build finishing is not a market moving.
- For sale.
- Homes listed as active right now. A live count, not a monthly average.
- Coming soon.
- Homes announced but not yet accepting showings. A live count.
- Under contract.
- Homes with an accepted contract that have not closed yet. A live count.