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Featured local agent — Florence, NJ
Sarah Mitchell
Compass Real Estate · Florence, NJ
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Florence, NJ Housing Market & Real Estate
Housing market overview · Updated monthly ·
$305,500median sale price
How is the Florence, NJ housing market right now?
The median home sale price in Florence, NJ is $305,500, down 14.5% year-over-year. Homes sell in an average of 82 days with 27 active listings. The market is currently a leaning buyer's. (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, NJ is currently a leaning buyer's, based on 6.8 months of supply and homes selling in about 82 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
82
Average pace
Active listings
27
6.8 months supply
Sale-to-list
100.7%
Above asking
What does the Florence housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $305,500 |
| Median list price | $356,944 |
| Year-over-year price change | -14.5% |
| Average days on market | 82 days |
| Active inventory | 27 listings |
| Months of supply | 6.8 months |
| Sale-to-list price ratio | 100.7% |
| Median price per sq ft | $184/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 8 |
| Listings with a price cut | 22.2% |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
How much do homes cost in Florence by property type?
How the Florence, NJ market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $501,750 | $273/sq ft | 2 | 74 days |
| Condo / Co-op | $109,000 | $126/sq ft | 2 | 143 days |
| Townhouse | $188,500 | $133/sq ft | 2 | 63 days |
Source: Redfin · Updated monthly
The Florence housing market is currently classified as a leaning buyer's with a median sale price of $305,500. Prices have fallen 14.5% compared to last year, with homes spending an average of 82 days on market, indicating 6.8 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 3.2x provides context for how home values compare to local earning capacity.
Homes for sale in Florence
There are currently 27 homes listed for sale in Florence, New Jersey. The median listing price is $357K.
Active listings
27
Homes on market
Median list price
$357K
Avg. days on market
82
Days until sale
New this week
8
Newly listed
Who lives in Florence?
Population
5,027
Median income
$99,020/yr
Median age
38.7 years
Owner-occupied
65.3%
College grads
20.4%
Avg commute
28 min
Source: U.S. Census Bureau ACS
What are homes worth in Florence?
Zillow home value
$316,415
Price-to-income
3.2x
Source: Zillow Research
What is it like to live in Florence?
Florence is a community of approximately 5K residents with a median age of 38.7 years.The median household income is $99,020, which reflects a relatively affluent area with strong earning potential. 20.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 65.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 28 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Florence offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Florence?
1 schools tracked · 619 students
The largest public schools serving Florence, NJ 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 Riverfront School
Grades 4-8 · 619 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, NJ?
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 $305,500, down 14.5% from last year.
How long do homes stay on market in Florence?
Homes typically spend 82 days on market before going under contract.
What is the median income in Florence?
The median household income is $99,020 per year.
Is Florence a buyer's or seller's market?
With 6.8 months of supply, Florence is currently a leaning buyer's.
What is the Zillow home value estimate for Florence?
The Zillow Home Value Index (ZHVI) for Florence is $316,415, representing the typical home value in the area.
What is the median condo price in Florence?
The median condo/co-op sale price in Florence, NJ is $109,000, compared to $501,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Florence?
The median single-family home price in Florence, NJ is $501,750 (about $273 per square foot).
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