$10,000 Closing Credit*
$900,000
3,888 SqFt
Jonathan Zachary Benstead, Listing Office: BHHS Fox & Roach-Marlton
Is Florence, NJ 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, NJ
How much do homes in Florence, NJ cost?
Median Sold Price
$337,500
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$67,500(+25.0%)
Key Takeaway
Homes in Florence have sold for 25% more than they did a year ago.
Summary: The median home sold price in Florence was $337,500 in October 2024, up 25% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $129.9K | $245.5K | +88.9% |
| 3 Bedrooms | $275K | $290K | +5.5% |
| 4 Bedrooms | $310K | $414K | +33.5% |
| 5+ Bedrooms | $215K | $400K | +86.0% |
Summary: Florence housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 88.9%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 33.5%, and 5+ bedroom homes increased by 86%.
Median Sold Price Compared To Nearby Neighborhoods
| Florence | $270K | $337.5K | +25.0% |
| Tollgate | $115K | $135K | +17.4% |
Housing Supply in Florence, NJ
How many homes are available in Florence, NJ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 19 | 20 | +5.3% |
Summary: The Florence real estate market had 20 homes for sale in October 2024, a 5.3% 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 | 4 | 3 | -25.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 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 decreased by 25%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 1 | 5 | +400.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
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 5 homes were sold or pending in Florence in October 2024, up by 400.0% month-over-month. Of the 5 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Florence, NJ
How long does it take to sell a home in Florence, NJ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 18 Days | 13 Days | -26.7% |
Summary: Homes in Florence had an average of 13 days on market in Oct 2024, down by 26.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Florence are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Florence; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
