Is Florence, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
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
| # BEDS | May 2021 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | $150K | $146K | -2.7%  |
| 2 Bedrooms | $286K | $286K | 0.0% |
| 3 Bedrooms | $352.5K | $388.5K | +10.2% |
| 4 Bedrooms | $440K | $563.7K | +28.1% |
| 5+ Bedrooms | $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 2022 | May 2022 | % |
|---|---|---|
| 31 | 41 | +32.3% |
Homes For Sale By Bedroom Count
| # BEDS | Apr 2022 | May 2022 | % |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 19 | 23 | +21.1% |
| 4 Bedrooms | 7 | 12 | +71.4% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Number of Homes Sold
| Apr 2022 | May 2022 | % |
|---|---|---|
| 6 | 12 | +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
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 2021 | May 2022 | % |
|---|---|---|
| 16 Days | 10 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
Key Takeaway
Many homes in Florence are selling fast, if you're buying plan to act quickly.
