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Featured local agent — Florence, MS
Sarah Mitchell
Compass Real Estate · Florence, MS
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Florence, MS Housing Market & Real Estate
Housing market overview · Updated monthly ·
$355,400median sale price
How is the Florence, MS housing market right now?
The median home sale price in Florence, MS is $355,400, up 35.4% year-over-year. Homes sell in an average of 3 days with 15 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Florence a buyer's or seller's market?
Florence, MS is currently a balanced market, based on 5.0 months of supply and homes selling in about 3 days. How we determine this →
Homes sold
3
Last 12 weeks
Days on market
3
Fast-moving
Active listings
15
5.0 months supply
Sale-to-list
98.1%
Below asking
What does the Florence housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $355,400 |
| Median list price | $255,000 |
| Year-over-year price change | +35.4% |
| Average days on market | 3 days |
| Active inventory | 15 listings |
| Months of supply | 5.0 months |
| Sale-to-list price ratio | 98.1% |
| Median price per sq ft | $160/sq ft |
| Homes sold (latest month) | 3 |
| New listings (latest month) | 10 |
| Listings with a price cut | 13.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Florence by property type?
How the Florence, MS market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $355,400 | $160/sq ft | 3 | 3 days |
Source: Redfin · Updated monthly
The Florence housing market is currently classified as a balanced market with a median sale price of $355,400. Prices have risen 35.4% compared to last year, with homes spending an average of 3 days on market, indicating 5.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 2.9x provides context for how home values compare to local earning capacity.
Homes for sale in Florence
There are currently 15 homes listed for sale in Florence, Mississippi. The median listing price is $255K.
Active listings
15
Homes on market
Median list price
$255K
Avg. days on market
3
Days until sale
New this week
10
Newly listed
Who lives in Florence?
Population
4,647
Median income
$86,406/yr
Median age
33.9 years
Owner-occupied
71.0%
College grads
25.5%
Avg commute
31.2 min
Source: U.S. Census Bureau ACS
What are homes worth in Florence?
Zillow home value
$254,499
Price-to-income
2.9x
Source: Zillow Research
What is it like to live in Florence?
Florence is a community of approximately 5K residents with a median age of 33.9 years.The median household income is $86,406, which reflects a relatively affluent area with strong earning potential. 25.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 71.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 31.2 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Florence offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Florence?
6 schools tracked · 3,469 students
The largest public schools serving Florence, MS by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
FLORENCE HIGH SCHOOL
Grades 9-12 · 741 students
FLORENCE MIDDLE SCHOOL
Grades 6-8 · 575 students
STEEN'S CREEK ELEMENTARY
Grades PK-2 · 569 students
MCLAURIN ELEMENTARY SCHOOL
Grades PK-6 · 552 students
FLORENCE ELEMENTARY SCHOOL
Grades 3-5 · 529 students
MCLAURIN ATTENDANCE CENTER
Grades 7-12 · 503 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Florence, MS?
Want a head-to-head view? Compare Florence side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Florence?
The median home sale price in Florence is $355,400, up 35.4% from last year.
How long do homes stay on market in Florence?
Homes typically spend 3 days on market before going under contract.
What is the median income in Florence?
The median household income is $86,406 per year.
Is Florence a buyer's or seller's market?
With 5.0 months of supply, Florence is currently a balanced market.
What is the Zillow home value estimate for Florence?
The Zillow Home Value Index (ZHVI) for Florence is $254,499, representing the typical home value in the area.
How much does a single-family home cost in Florence?
The median single-family home price in Florence, MS is $355,400 (about $160 per square foot).
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