Is Florence, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Florence was a Seller's Market.
Key Takeaway
Florence is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Florence, OR
How much do homes in Florence, OR cost?
Median Sold Price
$475,000
$305/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Florence have sold for 10.6% more than they did a year ago.
Summary: The median home sold price in Florence was $475,000 in April 2024, up 10.6% from last year, and the median price per square foot was $305.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $283.5K | $188K | -33.7% |
| 2 Bedrooms | $398.5K | $418K | +4.9% |
| 3 Bedrooms | $430K | $475K | +10.5% |
| 4 Bedrooms | $597K | $635K | +6.4% |
| 5+ Bedrooms | $818.9K | $699.9K | -14.5% |
Summary: Florence housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.7%, 2 bedroom homes increased by 4.9%, 3 bedroom homes increased by 10.5%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 14.5%.
Housing Supply in Florence, OR
How many homes are available in Florence, OR?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 97 | 105 | +8.2% |
Summary: The Florence real estate market had 105 homes for sale in April 2024, a 8.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 21 | 22 | +4.8% |
| 3 Bedrooms | 59 | 62 | +5.1% |
| 4 Bedrooms | 10 | 15 | +50.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Florence housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 4.8%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 8 | -55.6% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florence, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Florence in April 2024, down by 55.6% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 33 Days | 18 Days | -44.9% |
Summary: Homes in Florence had an average of 18 days on market in Apr 2024, down by 44.9% compared to last year.
Breakdown of Home Sale Times
7 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 April 2024, 8 homes were sold in Florence; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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