$3,859 Closing Credit*
$325,000
2 Beds
•2 Full Baths
David Barnes, Listing Office: Huff Realty - Florence
Is Florence, KY 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 Buyer's Market.
Key Takeaway
Florence is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Florence, KY
How much do homes in Florence, KY cost?
Median Sold Price
$315,000
$118/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$75,000(+31.3%)
Key Takeaway
Homes in Florence have sold for 31.3% more than they did a month ago.
Summary: The median home sold price in Florence was $315,000 in November 2024, up 31.3% from last month, and the median price per square foot was $118.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $196K | $148.5K | -24.2% |
| 3 Bedrooms | $240K | $315K | +31.3% |
| 4 Bedrooms | $310K | $419K | +35.2% |
| 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 decreased by 24.2%, 3 bedroom homes increased by 31.3%, 4 bedroom homes increased by 35.2%, and 5+ bedroom homes did not change.
Housing Supply in Florence, KY
How many homes are available in Florence, KY?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 95 | 135 | +42.1% |
Summary: The Florence real estate market had 135 homes for sale in November 2024, a 42.1% increase 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 | 32 | 44 | +37.5% |
| 3 Bedrooms | 36 | 50 | +38.9% |
| 4 Bedrooms | 22 | 35 | +59.1% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
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 increased by 37.5%, 3 bedroom homes increased by 38.9%, 4 bedroom homes increased by 59.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was 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. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Florence in November 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Florence, KY
We’re sorry, we don't have information for this market at the moment
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