Is Florence Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Florence Township is a seller's market

Buyer's
Market

Difference Since November 2021

Since last year, Florence Township has remained a Seller's Market.

Key Takeaway

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

How much do homes in Florence Township, OH cost?

Median Sold Price

$291,000

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$11,000(+3.9%)

Key Takeaway

Homes in Florence Township have sold for 3.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $76.6K-
N/A
2 $152.6K$90K
-41.0%
3 $210K$292K
+39.0%
4 $315K$330K
+4.8%
5+ $280K-
N/A

Median Sold Price Compared To Nearby Cities

Vermilion
+27.6%
Brownhelm Township
+24.4%
Vermilion Township
+12.0%
Florence Township
+3.9%
Henrietta Township
0.0%

How many homes are available in Florence Township, OH?

Number of Homes For Sale

Oct 2022Nov 2022%
45+25.0%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 00
0.0%
3 44
0.0%
4 00
0.0%
5+ 01
+100.0%

Number of Homes Sold

Oct 2022Nov 2022%
03+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Florence Township, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
44 Days22 Days-50.0%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Florence Township 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 Township, OH

There are 5 homes are for sale in Florence Township, OH real estate market. Between October 2022 and November 2022, Florence Township, OH real estate market has seen increase in the number of listings by 25%. While the average time on the market in November 2022 was 22 days, the median list price was $291,000. From October 2022 through November 2022, the following changes in listing prices were observed in this housing market: prices of 1 bedroom properties went up by 0%, 2 bedrooms properties prices decreased by 41%, prices of 3 bedrooms properties increased by 39%, 4 bedrooms properties became 4.8% more expensive, prices of 5 bedrooms properties increased by 0%. The following changes in the number of homes for sale were observed in this housing market: number of 1 bedroom homes remained the same, 2 bedrooms homes inventory did not change, the quantity of 3 bedrooms homes have not changed, number of 4 bedrooms homes remained the same, the quantity of 5 bedrooms homes went up by 100%. In November 2022, from all listings sold in Florence Township, OH there were more than 1 sold above asking price, over 2 sold below and more than 0 were sold right at the asked price.

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