Is Florence Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Florence Township is a seller's market

Buyer's
Market

Difference Since November 2023

Since last year, Florence Township has remained a Seller's Market.

Key Takeaway

Florence Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Florence Township, OH

How much do homes in Florence Township, OH cost?

Median Sold Price

$150,000

$116/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

-$15,000(-9.1%)

Key Takeaway

Homes in Florence Township have sold for 9.1% less than they did a year ago.

Summary: The median home sold price in Florence Township was $150,000 in November 2024, down 9.1% from last year, and the median price per square foot was $116.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $62K-
N/A
2 $110K$147.1K
+33.8%
3 $165K$145.6K
-11.7%
4 $210K$238.5K
+13.6%
5+ -$265K
N/A

Summary: Florence Township housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 33.8%, 3 bedroom homes decreased by 11.7%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Edon
-3.0%
Florence Township
-9.1%

Housing Supply in Florence Township, OH

How many homes are available in Florence Township, OH?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
75-28.6%

Summary: The Florence Township real estate market had 5 homes for sale in November 2024, a 28.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 10
-100.0%
3 44
0.0%
4 21
-50.0%
5+ 00
0.0%

Summary: The Florence Township 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
32-33.3%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Florence Township, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 2 homes were sold or pending in Florence Township in November 2024, down by 33.3% month-over-month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.

Days on Market for Florence Township, OH

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

Average Sale Time

Nov 2023Nov 2024CHANGE
91 Days56 Days-38.7%

Summary: Homes in Florence Township had an average of 56 days on market in Nov 2024, down by 38.7% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were 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 Township has remained consistent over time.

Summary: During November 2024, 2 homes were sold in Florence Township; 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 17 Days Ago

Newest Listings in Florence Township, OH

Nearby Markets to Florence Township, OH