New Listing
$155,000
207 Byrd Ln
Florence, SC 29506
3 bd1 ba1,053 sqft$147/ft²
House8,276 sqft lot
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Compass Real Estate · Florence, SC
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Florence, SC(512) 555-0184TX License #0512847
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Florence, SC Housing Market
Buyer's market+3.1% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Florence, SC is worth $223,905, rose 3.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $239,700, -6.0% year over year (through May 2026). With 5.3 months of supply and homes going under contract in about 97 days, Florence is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $223,905 home is about $1,195/mo in principal and interest.
Key numbers for Florence, SC
Typical home value
$223,905
+3.1% in 12 months
Zillow, August 2026
Typical asking rent
$1,525/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$239,700
-6.0% year over year
Redfin, through May 2026
Days on market
97
Slow-moving
Redfin, through May 2026
Active listings
297
5.3 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$56,433
Home costs 4.0x income
U.S. Census ACS, 2023
Sale-to-list ratio
96.9%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Florence a buyer's or seller's market?
Buyer's market5.3 months of supply97 days on market96.9% of asking
Florence, SC is a buyer's market, based on 5.3 months of supply and homes selling in about 97 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Florence housing market data show?
Every row below is Redfin's final published month for Florence, SC. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $239,700 |
| Median list price | $284,500 |
| Year-over-year price change | -6.0% |
| Median price per sq ft | $149/sq ft |
| Median days on market | 97 days |
| Active inventory | 297 listings |
| Months of supply | 5.3 months |
| Sale-to-list price ratio | 96.9% |
| Homes sold (that month) | 56 |
| New listings (that month) | 85 |
| Listings with a price cut | 19.2% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Florence is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Florence is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Florence home prices moved?
Over the last three years the median sale price in Florence, SC fell 2.4%, from $245,495 to $239,700. The live Zillow value series has rose 3.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 19.2% of Florence listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 5.3 months while the sale-to-list ratio slips below its current 96.9%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Florence market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Florence?
Priced off the typical home value of $223,905 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $44,781 | $179,124 | $1,195/mo |
| 5% | $11,195 | $212,710 | $1,419/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,195, that implies roughly $51,228 a year before you add taxes and insurance. The median household in Florence earns $56,433, about $5,205 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 4.0x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Florence in the next 12 months?
Tell us your timeline. We send the Florence market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Florence?
Typical asking rent in Florence, SC is $1,525/mo, against a typical home value of $223,905. That is a price-to-rent ratio of 12.2x, which means buying tends to beat renting on monthly cost over a typical hold. Compared head to head, 20% down puts principal and interest at $1,195 a month — $330 less than renting before taxes and insurance, so ownership can win on monthly cost alone once you have the down payment.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Florence?
Active listings in Florence, SC went from 224 in May 2025 to 297 in May 2026, a +32.6% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 224 | 66 |
| July 2025 | 229 | 68 |
| August 2025 | 234 | 65 |
| September 2025 | 239 | 57 |
| October 2025 | 236 | 63 |
| November 2025 | 234 | 54 |
| December 2025 | 219 | 34 |
| January 2026 | 246 | 77 |
| February 2026 | 252 | 52 |
| March 2026 | 263 | 74 |
| April 2026 | 274 | 87 |
| May 2026 | 297 | 85 |
Redfin, through May 2026
How does Florence compare to South Carolina and the U.S.?
Florence homes sell for $239,700 — 39% below the South Carolina median of $394,000. Against the national median of $410,700, Florence runs 42% lower. Year-over-year, Florence moved -6.0% against South Carolina's +1.2% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Florence, SC | $239,700 | -6.0% | 97 days |
| South Carolina statewide | $394,000 | +1.2% | 72 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Florence
What buyers should watch
- Months of supply, currently 5.3. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 19.2%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $224 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $223,905 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Florence listing goes under contract in 97 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 96.9% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Florence added 85 new listings against 56 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +3.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Florence varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Florence
There are currently 297 homes listed for sale in Florence, South Carolina. The median listing price is $285K. Featured listings range from $155,000 to $1,200,000.
New Listing
48
$156,900
1189 Waxwing Dr Apt F
Florence, SC 29505
3 bd2 ba1,480 sqft$106/ft²
Condo
View photos & details
New Build
30
$296,615
3321 Royal Star Ln
Florence, SC 29505
4 bd2 ba1,774 sqft$167/ft²
House7,405 sqft lot
View photos & details
New Listing
52
$300,000
726 Wisteria Dr
Florence, SC 29501
3 bd2 ba2,740 sqft$109/ft²
House17.85 acres
View photos & details
New Build
31
$311,440
3313 Royal Star Ln
Florence, SC 29505
3 bd2 ba1,883 sqft$165/ft²
House7,405 sqft lot
View photos & details
New Build
32
$314,423
3329 Royal Star Ln
Florence, SC 29505
4 bd3 ba2,340 sqft$134/ft²
House10,454 sqft lot
View photos & details
New Build
28
$324,540
3324 Royal Star Ln
Florence, SC 29505
4 bd3 ba2,203 sqft$147/ft²
House6,970 sqft lot
View photos & details
New Listing
40
$329,000
3463 Sweetgrass Dr
Florence, SC 29501
3 bd3 ba1,831 sqft$180/ft²
House10,019 sqft lot
View photos & details
New Listing
26
$365,000
2406 Vardon Way
Florence, SC 29506
2 bd3 ba2,403 sqft$152/ft²
House10,454 sqft lot
View photos & details
New Listing
60
$390,000
3463 Claude Douglas Cir
Florence, SC 29501
4 bd3 ba2,610 sqft$149/ft²
House20,473 sqft lot
View photos & details
New Listing
68
$565,000
2208 Timberlane Dr
Florence, SC 29506
4 bd5 ba3,820 sqft$148/ft²
House28,314 sqft lot
View photos & details
New Listing
75
$1,200,000
612 Honor Cv
Florence, SC 29501
4 bd5 ba5,018 sqft$239/ft²
House33,106 sqft lot
View photos & details
Looking to buy in Florence?
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Active listings
297
Homes on market
Median list price
$285K
Avg. days on market
97
Days until sale
New this week
85
Newly listed
Price drops:19.2%of listings
Sale-to-list:96.9%
How much do homes cost in Florence by property type?
How the Florence, SC market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $285,000 | $151/sq ft | 48 | 96 days |
| Condo / co-op | $147,500 | $96/sq ft | 4 | 93 days |
| Townhouse | $157,000 | $115/sq ft | 3 | 140 days |
Who lives in Florence?
American Community Survey estimates for Florence. U.S. Census ACS, 2023
Population
40,205
Households
16,450
Median income
$56,433/yr
Median age
37.6 years
Owner-occupied
59.7%
Median home value
$189,800
Median gross rent
$922/mo
Mean commute
18.7 min
59.7% of occupied homes in Florence are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $189,800 against Zillow's $223,905 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $922/mo, below Zillow's $1,525/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Florence?
22 schools tracked · 15,284 students
The largest public schools serving Florence, SC 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.
West Florence High
Grades 9-12 · 1,879 students
South Florence High
Grades 9-12 · 1,627 students
Wilson High
Grades 9-12 · 1,316 students
Southside Middle
Grades 6-8 · 1,093 students
John W. Moore Middle
Grades 6-8 · 1,063 students
Delmae Heights Elementary
Grades K-5 · 1,004 students
Williams Middle
Grades 6-8 · 819 students
Virtus Academy of South Carolina
Grades K-10 · 686 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, SC?
Ordered by distance from Florence, not by size. Compare Florence side by side with any of them.
Which ZIP codes are in Florence?
These are the ZIP codes we see on active Florence listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Florence housing market FAQ
Is Florence a buyer's or seller's market?
Florence, SC is currently a buyer's market. That read comes from 5.3 months of supply, homes going under contract in about 97 days, and sellers getting 96.9% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Florence?
The typical home in Florence, SC is worth $223,905 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $239,700, about $149 per square foot.
Is Florence cheaper than the rest of South Carolina?
Florence's median sale price of $239,700 is 39% lower than the South Carolina statewide median of $394,000, and 42% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Florence?
Homes in Florence, SC spent a median of 97 days on market before going under contract, versus 72 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Florence?
At the current 30-year fixed rate of 7.03%, 20% down on a $223,905 home is about $1,195 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $51,228 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $56,433.
Are home prices rising in Florence?
The typical home value in Florence, SC rose 3.1% over the last 12 months, from $217,083 to $223,905 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Florence?
Florence ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Florence?
That depends on your timeline, not on a headline. What the data says today: Florence, SC is a buyer's market with 5.3 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 12.2x means buying tends to beat renting on monthly cost over a typical hold. Properties Incorporated publishes the data; it does not give financial advice.
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