Housing Prices in Florence, KY
How much do homes in Florence, KY cost?
Median List Price
$284,950
$172/sqft
Based on all homes listed in May 2024.
Difference Since Last Month
Key Takeaway
The list price of homes in Florence has decreased by 4.7% since April.
Summary: The median home list price in Florence was $284,950 in May 2024, down 4.7% from the previous month, and the median price per square foot was $172.
Median List Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $134.9K | N/A |
| 2 Bedrooms | $225K | $199.9K | -11.1% |
| 3 Bedrooms | $291.5K | $295K | +1.2% |
| 4 Bedrooms | $425K | $379.7K | -10.7% |
| 5+ Bedrooms | $548.3K | $548.3K | 0.0% |
Summary: Florence housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 11.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 10.7%, and 5+ bedroom homes did not change.
Median List Price Compared To Nearby Cities
| Elsmere | $160K | $219K | +36.9% |
| Independence | $389.7K | $378K | -3.0% |
| Florence | $299K | $284.9K | -4.7% |
| Erlanger | $377.2K | $249.9K | -33.8% |
Housing Supply in Florence, KY
How many homes are available in Florence, KY?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 108 | +176.9% |
Summary: The Florence real estate market had 108 homes for sale in May 2024, a 176.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 16 | 40 | +150.0% |
| 3 Bedrooms | 8 | 35 | +337.5% |
| 4 Bedrooms | 13 | 30 | +130.8% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Florence housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 150%, 3 bedroom homes increased by 337.5%, 4 bedroom homes increased by 130.8%, and 5+ bedroom homes remained the same.
Days on Market for Florence, KY
How long does it take to sell a home in Florence, KY?
Average Listing Age
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 31 Days | 29 Days | -5.3% |
Summary: Homes in Florence had an average listing age of 29 days in May 2024, down by 5.3% compared to the previous month.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2024 LBAR Multiple Listing Service. All rights reserved.