Is Florence, MT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Florence has remained a Buyer's Market.
Housing Prices in Florence, MT
How much do homes in Florence, MT cost?
Median Sold Price
$650,000
$317/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Florence was $650,000 in March 2024, down 0.8% from last year, and the median price per square foot was $317.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $393K | N/A |
2 Bedrooms | $420K | $399.9K | -4.8% |
3 Bedrooms | $579.4K | $630K | +8.7% |
4 Bedrooms | $725K | $675K | -6.9% |
5+ Bedrooms | $752.5K | $990K | +31.6% |
Summary: Florence housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.8%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes increased by 31.6%.
Median Sold Price Compared To Nearby Cities
Lolo | $552.5K | $598.2K | +8.3% |
Florence | $654.9K | $650K | -0.8% |
Housing Supply in Florence, MT
How many homes are available in Florence, MT?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 37 | +27.6% |
Summary: The Florence real estate market had 37 homes for sale in March 2024, a 27.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 18 | 20 | +11.1% |
4 Bedrooms | 8 | 12 | +50.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Florence housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Florence in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 40% were sold at asking, and 20% were sold over asking.
Days on Market for Florence, MT
How long does it take to sell a home in Florence, MT?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
52 Days | 108 Days | +107.2% |
Summary: Homes in Florence had an average of 108 days on market in Mar 2024, up by 107.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Florence; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.