$4,026 Closing Credit*
$339,000
1,576 SqFt
3 Beds
•2 Full Baths
Anthony Wells, Listing Office: Berkshire Hathaway HomeServices NW Real Estate
Is Florence, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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, OR
How much do homes in Florence, OR cost?
Median Sold Price
$478,000
$306/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$3,000(+0.6%)
Key Takeaway
Homes in Florence have sold for 0.6% more than they did a year ago.
Summary: The median home sold price in Florence was $478,000 in November 2024, up 0.6% from last year, and the median price per square foot was $306.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $200K | +33.3% |
| 2 Bedrooms | $411.5K | $429.5K | +4.4% |
| 3 Bedrooms | $475K | $482.5K | +1.6% |
| 4 Bedrooms | $655K | $765K | +16.8% |
| 5+ Bedrooms | $989.5K | $775K | -21.7% |
Summary: Florence housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes decreased by 21.7%.
Housing Supply in Florence, OR
How many homes are available in Florence, OR?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 131 | 135 | +3.1% |
Summary: The Florence real estate market had 135 homes for sale in November 2024, a 3.1% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 22 | 22 | 0.0% |
| 3 Bedrooms | 81 | 81 | 0.0% |
| 4 Bedrooms | 15 | 16 | +6.7% |
| 5+ Bedrooms | 7 | 9 | +28.6% |
Summary: The Florence housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 6.7%, and 5+ bedroom homes increased by 28.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 16 | 30 | +87.5% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
8 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. 70% of homes here sold below asking price last month.
Summary: A total of 30 homes were sold or pending in Florence in November 2024, up by 87.5% month-over-month. Of the 30 sold homes, 70% were sold under asking, 27% were sold at asking, and 3% were sold over asking.
Days on Market for Florence, OR
How long does it take to sell a home in Florence, OR?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 118 Days | +213.4% |
Summary: Homes in Florence had an average of 118 days on market in Nov 2024, up by 213.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
16 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 November 2024, 30 homes were sold in Florence; 23% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 53% of homes were sold over 90 days.
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