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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Florence is a neutral's market

Buyer's
Market

Difference Since Last Month

Last month, Florence was a Seller's Market.

Key Takeaway

Florence is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Florence, WI

How much do homes in Florence, WI cost?

Median Sold Price

$98,950

$130/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

-$231,050(-70.0%)

Key Takeaway

Homes in Florence have sold for 70% less than they did a month ago.

Summary: The median home sold price in Florence was $98,950 in October 2024, down 70% from last month, and the median price per square foot was $130.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 -$98.9K
N/A
2 $389K-
N/A
3 $330K-
N/A
4 --
N/A
5+ $245K-
N/A

Summary: Florence housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Florence, WI

How many homes are available in Florence, WI?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
1713-23.5%

Summary: The Florence real estate market had 13 homes for sale in October 2024, a 23.5% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 31
-66.7%
3 64
-33.3%
4 45
+25.0%
5+ 20
-100.0%

Summary: The Florence housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 66.7%, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 25%, and 5+ bedroom homes decreased by 100%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
62-66.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Florence, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Florence in October 2024, down by 66.7% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Florence, WI

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

Average Sale Time

Sep 2024Oct 2024CHANGE
27 Days9 Days-66.7%

Summary: Homes in Florence had an average of 9 days on market in Oct 2024, down by 66.7% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Florence are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 2 homes were sold in Florence; 100% of homes were sold within 30 days, 0% 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 4 Days Ago

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