$501,999
6.15 Acres
Land
Mike Hyde, Listing Office: Keller Williams Western MT
Is Florence, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, MT
How much do homes in Florence, MT cost?
Median Sold Price
$685,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$30,000(+4.6%)
Key Takeaway
Homes in Florence have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Florence was $685,000 in October 2024, up 4.6% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $393K | $45K | -88.5% |
| 2 Bedrooms | $350K | $489.5K | +39.9% |
| 3 Bedrooms | $625K | $658.5K | +5.4% |
| 4 Bedrooms | $760K | $717.5K | -5.6% |
| 5+ Bedrooms | $925K | $1.0M | +15.5% |
Summary: Florence housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 88.5%, 2 bedroom homes increased by 39.9%, 3 bedroom homes increased by 5.4%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 15.5%.
Median Sold Price Compared To Nearby Cities
| Florence | $655K | $685K | +4.6% |
| Lolo | $585K | $592.5K | +1.3% |
Housing Supply in Florence, MT
How many homes are available in Florence, MT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 36 | 39 | +8.3% |
Summary: The Florence real estate market had 39 homes for sale in October 2024, a 8.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 5 | +66.7% |
| 3 Bedrooms | 17 | 19 | +11.8% |
| 4 Bedrooms | 11 | 10 | -9.1% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Florence housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 11.8%, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 8 | +166.7% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 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. 62.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Florence in October 2024, up by 166.7% month-over-month. Of the 8 sold homes, 63% were sold under asking, 25% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 91 Days | 101 Days | +11.2% |
Summary: Homes in Florence had an average of 101 days on market in Oct 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Florence are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 8 homes were sold in Florence; 13% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Montana Regional Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by other brokerage firms are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. Copyright© 2024 Montana Regional Multiple Listing Service, Inc. All Rights Reserved.