Is Florence, MT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Florence is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Florence was a Neutral 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, MT

How much do homes in Florence, MT cost?

Median Sold Price

$686,500

$320/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,500(+4.8%)

Key Takeaway

Homes in Florence have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Florence was $686,500 in November 2024, up 4.8% from last year, and the median price per square foot was $320.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $393K$45K
-88.5%
2 $350K$483.5K
+38.1%
3 $630K$660K
+4.8%
4 $755K$725K
-4.0%
5+ $925K$1.0M
+15.5%

Summary: Florence housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 88.5%, 2 bedroom homes increased by 38.1%, 3 bedroom homes increased by 4.8%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 15.5%.

Median Sold Price Compared To Nearby Cities

Florence
+4.8%
Lolo
-0.9%

Housing Supply in Florence, MT

How many homes are available in Florence, MT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
3635-2.8%

Summary: The Florence real estate market had 35 homes for sale in November 2024, a 2.8% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 57
+40.0%
3 1716
-5.9%
4 98
-11.1%
5+ 54
-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 40%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes decreased by 11.1%, and 5+ bedroom homes decreased by 20%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
81-87.5%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Florence, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in Florence in November 2024, down by 87.5% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for Florence, MT

How long does it take to sell a home in Florence, MT?

Average Sale Time

Nov 2023Nov 2024CHANGE
134 Days32 Days-76.2%

Summary: Homes in Florence had an average of 32 days on market in Nov 2024, down by 76.2% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Florence has remained consistent over time.

Summary: During November 2024, 1 homes were sold in Florence; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Florence, MT

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