Is Florence, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Florence has remained a Seller's Market.
Housing Prices in Florence, MA
How much do homes in Florence, MA cost?
Median Sold Price
$416,500
$302/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Florence was $416,500 in April 2024, up 6.5% from last year, and the median price per square foot was $302.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $194K | +25.2% |
2 Bedrooms | $315.5K | $350K | +10.9% |
3 Bedrooms | $364K | $390K | +7.1% |
4 Bedrooms | $583K | $550K | -5.7% |
5+ Bedrooms | $1.1M | $736K | -33.1% |
Summary: Florence housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 25.2%, 2 bedroom homes increased by 10.9%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 5.7%, and 5+ bedroom homes decreased by 33.1%.
Median Sold Price Compared To Nearby Cities
Florence | $391K | $416.5K | +6.5% |
Northampton | $416K | $430K | +3.4% |
Easthampton Town | $380.7K | $392K | +3.0% |
Easthampton | $389K | $397K | +2.1% |
Housing Supply in Florence, MA
How many homes are available in Florence, MA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Summary: The Florence real estate market had 14 homes for sale in April 2024, a 17.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 10 | 8 | -20.0% |
4 Bedrooms | 6 | 5 | -16.7% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Florence housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 20%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 4 | -20.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 4 homes were sold or pending in Florence in April 2024, down by 20.0% month-over-month. Of the 4 sold homes, 25% were sold under asking, 0% were sold at asking, and 75% were sold over asking.
Days on Market for Florence, MA
How long does it take to sell a home in Florence, MA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
68 Days | 15 Days | -77.2% |
Summary: Homes in Florence had an average of 15 days on market in Apr 2024, down by 77.2% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 4 homes were sold in Florence; 75% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.