$4,394 Closing Credit*
$370,000
2,836 SqFt
5 Beds
•3 Full Baths
Listing Office: Capstone Realty
Is Florence, AL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Florence has remained a Seller's Market.
Key Takeaway
Florence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Florence, AL
How much do homes in Florence, AL cost?
Median Sold Price
$267,500
$125/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$112,500(+72.6%)
Key Takeaway
Homes in Florence have sold for 72.6% more than they did a month ago.
Summary: The median home sold price in Florence was $267,500 in November 2024, up 72.6% from last month, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $133.4K | $185K | +38.6% |
| 3 Bedrooms | $259K | $261.2K | +0.9% |
| 4 Bedrooms | - | $362K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Florence housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 38.6%, 3 bedroom homes increased by 0.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in Florence, AL
How many homes are available in Florence, AL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 54 | 51 | -5.6% |
Summary: The Florence real estate market had 51 homes for sale in November 2024, a 5.6% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 5 | -28.6% |
| 3 Bedrooms | 37 | 31 | -16.2% |
| 4 Bedrooms | 7 | 11 | +57.1% |
| 5+ Bedrooms | 3 | 4 | +33.3% |
Summary: The Florence housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 28.6%, 3 bedroom homes decreased by 16.2%, 4 bedroom homes increased by 57.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Florence, you may be able to get a good deal. 90.9% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Florence in November 2024, the same as the previous month. Of the 11 sold homes, 91% were sold under asking, 0% were sold at asking, and 9% were sold over asking.
Days on Market for Florence, AL
How long does it take to sell a home in Florence, AL?
Average Sale Time
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 38 Days | +33.7% |
Summary: Homes in Florence had an average of 38 days on market in Nov 2024, up by 33.7% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Florence has remained consistent over time.
Summary: During November 2024, 11 homes were sold in Florence; 9% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.