$8,894 Closing Credit*
$749,000
2,934 SqFt
4 Beds
•3 Full Baths
#73304855, Robert Goggins, Listing Office: 5 College REALTORS® Northampton
Is Florence, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
Since last year, 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, MA
How much do homes in Florence, MA cost?
Median Sold Price
$451,500
$326/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$63,500(+16.4%)
Key Takeaway
Homes in Florence have sold for 16.4% more than they did a year ago.
Summary: The median home sold price in Florence was $451,500 in September 2024, up 16.4% from last year, and the median price per square foot was $326.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $189K | $150K | -20.6% |
| 2 Bedrooms | $336.4K | $340K | +1.1% |
| 3 Bedrooms | $360.7K | $420K | +16.4% |
| 4 Bedrooms | $524.2K | $667.5K | +27.3% |
| 5+ Bedrooms | $809K | $685K | -15.3% |
Summary: Florence housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.6%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 27.3%, and 5+ bedroom homes decreased by 15.3%.
Median Sold Price Compared To Nearby Cities
| Florence | $388K | $451.5K | +16.4% |
| Northampton | $405K | $450K | +11.1% |
| Easthampton | $380K | $399.9K | +5.3% |
| Easthampton Town | $378.2K | $395K | +4.4% |
Housing Supply in Florence, MA
How many homes are available in Florence, MA?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 36 | 34 | -5.6% |
Summary: The Florence real estate market had 34 homes for sale in September 2024, a 5.6% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 6 | 6 | 0.0% |
| 3 Bedrooms | 12 | 15 | +25.0% |
| 4 Bedrooms | 13 | 10 | -23.1% |
| 5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Florence housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 16 | 11 | -31.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florence, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Florence in September 2024, down by 31.3% month-over-month. Of the 11 sold homes, 45% were sold under asking, 27% were sold at asking, and 27% were sold over asking.
Days on Market for Florence, MA
How long does it take to sell a home in Florence, MA?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 37 Days | 44 Days | +18.5% |
Summary: Homes in Florence had an average of 44 days on market in Sep 2024, up by 18.5% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Florence are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 11 homes were sold in Florence; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
