Brokers — List your Company Here
Featured local agent — Florence, SD
Sarah Mitchell
Compass Real Estate · Florence, SD
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Florence, SD Housing Market & Real Estate
Housing market overview · Updated monthly ·
$171,000median sale price
How is the Florence, SD housing market right now?
The median home sale price in Florence, SD is $171,000. Homes sell in an average of 48 days with 1 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of June 2025 — 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, SD is currently a strong seller's market, based on 1.0 months of supply and homes selling in about 48 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
48
Average pace
Active listings
1
1.0 months supply
Sale-to-list
103.6%
Above asking
What does the Florence housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $171,000 |
| Average days on market | 48 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 103.6% |
| Median price per sq ft | $109/sq ft |
| Homes sold (latest month) | 1 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Florence by property type?
How the Florence, SD market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $171,000 | $109/sq ft | 1 | 48 days |
Source: Redfin · Updated monthly
The Florence housing market is currently classified as a strong seller's market with a median sale price of $171,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 48 days on market, indicating 1.0 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 7.6x provides context for how home values compare to local earning capacity.
Homes for sale in Florence
There are currently 1 homes listed for sale in Florence, South Dakota.
Active listings
1
Homes on market
Avg. days on market
48
Days until sale
Who lives in Florence?
Population
289
Median income
$69,531/yr
Median age
41.7 years
Owner-occupied
90.6%
College grads
6.4%
Avg commute
23.9 min
Source: U.S. Census Bureau ACS
What are homes worth in Florence?
Zillow home value
$528,897
Price-to-income
7.6x
Source: Zillow Research
What is it like to live in Florence?
Florence is a community of approximately 0K residents with a median age of 41.7 years.The median household income is $69,531, which represents a working-class community with solid middle-income opportunities. 6.4% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 90.6%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.9 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?
3 schools tracked · 332 students
The largest public schools serving Florence, SD 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 Elementary - 02
Grades PK-5 · 172 students
Florence High School - 01
Grades 9-12 · 95 students
Florence Middle School - 03
Grades 6-8 · 65 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, SD?
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 $171,000, down 0.0% from last year.
How long do homes stay on market in Florence?
Homes typically spend 48 days on market before going under contract.
What is the median income in Florence?
The median household income is $69,531 per year.
Is Florence a buyer's or seller's market?
With 1.0 months of supply, Florence is currently a strong seller's market.
What is the Zillow home value estimate for Florence?
The Zillow Home Value Index (ZHVI) for Florence is $528,897, 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, SD is $171,000 (about $109 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Florence, SD
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Florence market alerts
Weekly updates on prices, inventory, and trends. Free forever.