Is Florence, OR a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Florence was a Seller's Market.
Housing Prices in Florence, OR
How much do homes in Florence, OR cost?
Median Sold Price
$467,500
$303/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Florence was $467,500 in March 2024, up 8.7% from last year, and the median price per square foot was $303.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $283.5K | $188K | -33.7% |
2 Bedrooms | $385K | $433.7K | +12.7% |
3 Bedrooms | $430K | $467.5K | +8.7% |
4 Bedrooms | $539K | $535K | -0.7% |
5+ Bedrooms | $1.0M | $699.9K | -35.8% |
Summary: Florence housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 33.7%, 2 bedroom homes increased by 12.7%, 3 bedroom homes increased by 8.7%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 35.8%.
Housing Supply in Florence, OR
How many homes are available in Florence, OR?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
136 | 153 | +12.5% |
Summary: The Florence real estate market had 153 homes for sale in March 2024, a 12.5% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 28 | 32 | +14.3% |
3 Bedrooms | 76 | 87 | +14.5% |
4 Bedrooms | 20 | 21 | +5.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Florence housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 14.5%, 4 bedroom homes increased by 5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
12 | 14 | +16.7% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Florence in March 2024, up by 16.7% month-over-month. Of the 14 sold homes, 79% were sold under asking, 7% were sold at asking, and 14% were sold over asking.
Days on Market for Florence, OR
How long does it take to sell a home in Florence, OR?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
54 Days | 84 Days | +56.0% |
Summary: Homes in Florence had an average of 84 days on market in Mar 2024, up by 56% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 14 homes were sold in Florence; 36% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.