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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Florence is a seller's market

Buyer's
Market

Difference Since May 2021

At the same time last year, Florence was a Buyer's Market.

Key Takeaway

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

How much do homes in Florence, MA cost?

Median Sold Price

$413,000

$254/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2021

+$48,000(+13.2%)

Key Takeaway

Homes in Florence have sold for 13.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSMay 2021May 2022%
1 $150K$146K
-2.7%
2 $286K$286K
0.0%
3 $352.5K$388.5K
+10.2%
4 $440K$563.7K
+28.1%
5+ $539K$515K
-4.5%

Median Sold Price Compared To Nearby Cities

Leeds
+31.7%
Easthampton
+20.6%
Easthampton Town
+17.3%
Florence
+13.2%
Northampton
+11.6%

How many homes are available in Florence, MA?

Number of Homes For Sale

Apr 2022May 2022%
3141+32.3%

Homes For Sale By Bedroom Count

# BEDSApr 2022May 2022%
1 00
0.0%
2 34
+33.3%
3 1923
+21.1%
4 712
+71.4%
5+ 22
0.0%

Number of Homes Sold

Apr 2022May 2022%
612+100.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Florence, you could pay more than the asking price. 83.3% of homes here sold above asking price last month.

Average Sale Time

May 2021May 2022%
16 Days10 Days-31.8%

Breakdown of Home Sale Times

12 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Florence, MA

Homes for sale in Florence, MA have reached 41. The number of listings in Florence, MA increased by 32.3% between April 2022 and May 2022. In May 2022, listings were on the market for 10 days. During the same period, the median list price in this real estate market was $413,000. Between April 2022 and May 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties went down by 2.7%, prices of 2 bedrooms properties stayed the same, 3 bedrooms properties became 10.2% more expensive, the cost of 4 bedrooms properties went up by 28.1%, prices of 5 bedrooms properties decreased by 4.5%. Volume of homes for sale in this real estate market have seen the following changes: the quantity of 1 bedroom homes have not changed, the quantity of 2 bedrooms homes went up by 33.3%, the quantity of 3 bedrooms homes went up by 21.1%, 4 bedrooms homes inventory increased by 71.4%, volume of 5 bedrooms homes stayed the same. Over 10 listings were sold over their listed price in May 2022 in Florence, MA. In the same period over 0 listings were sold below the listed price and 2 listings were sold for the listed price.

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