Florence Housing Market Report December 2024Boone County, Kentucky

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Housing Prices in Florence, KY

How much do homes in Florence, KY cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$267,450$167/SqFt
-$17,550
-6.2%

Based on all homes listed in December 2024

Insight

The list price of homes in Florence has decreased by 6.2% since November.

Summary: The median home list price in Florence was $267,450 in December 2024, down 6.2% from the previous month, and the median price per square foot was $167.

Median List Price By City

Median List Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Elsmere
+4.7%
Independence
-5.4%
Florence
-6.2%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsNov 2024Dec 2024Change MoM
1--
N/A
2$191.4K$189.9K
-0.8%
3$272.4K$269.9K
-0.9%
4$440K$429K
-2.5%
5$634.2K$669.4K
+5.6%

Summary: Florence housing price by bedroom type for December 2024, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes decreased by -0.8%. The home price for 3 bedroom homes decreased by -0.9%. The home price for 4 bedroom homes decreased by -2.5%. The home price for 5 bedroom homes increased by +5.6%.

Housing supply in Florence, KY

How many homes are available in Florence, KY?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
98Last MonthDec 2024
792 months agoNov 2024
+24.1 %
Change MoMNov – Dec

Summary: The Florence real estate market had 98 homes for sale in Dec 2024, a 24.1 % increase compared to Nov 2024.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
100
0.0%
23036
+20.0%
32234
+54.5%
42527
+8.0%
521
-50.0%

Summary: Florence housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +20.0%. The inventory for 3 bedroom homes increased by +54.5%. The inventory for 4 bedroom homes increased by +8.0%. The inventory for 5 bedroom homes decreased by -50.0%.

Days on Market for Florence, KY

How long does it take to sell a home in Florence, KY?

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
Last Month1 month agoChange MoM
60 DaysLast MonthDec 2024
47 Days1 month agoNov 2024
+28.4 %
Change MoMNov – Dec

Summary: Homes in Florence had an average listing age of 60 days in Dec 2024, up by 28.4% compared to the previous month.

Newest Listings in Florence, KY

What homes are available in Florence, KY?

MLS Disclaimers and Copyright

Based on information from Northern Kentucky MLS, and Imagine MLS for the period 11/01/2024 - 01/01/2025

Disclaimer: The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Northern Kentucky Multiple Listing Service, Inc. (NKMLS). Real estate listings held by other brokerage firms are marked with the Broker Reciprocity Logo and detailed information about them includes the name of the listing broker. The broker providing the data believes the data to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. MLS content and images © Copyright ©2025, Northern Kentucky Multiple Listing Service, Inc. All rights reserved.

The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/17/2025, 11:51:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Lexington-Bluegrass Association of Realtors Multiple Listing Service. Real estate listings held by IDX Brokerage firms other than this broker, are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. © 2025 LBAR Multiple Listing Service. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/18/2025, 2:20:59 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.