Florence Housing Market Report February 2025•Florence County, South Carolina

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Housing Prices in Florence, SC

How much do homes in Florence, SC cost?

Housing Market Conditions

Is Florence, SC a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Florence is a Buyer's Market

Difference Since February 2024

At the same time last year, Florence was a Seller's Market.

Insight

Florence is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$249,149$141/SqFt
-$949
-0.4%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Florence has remained the same since last year.

Summary: The median home sold price in Florence was $249,149 in February 2025, down 0.4% from last year, and the median price per square foot was $141.

Median Sold Price By Cities

Median Sold Price By Cities
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 YoY
Florence
-0.4%
Effingham
-0.7%
Danwood
-1.4%

Median Sold Price By Bedrooms

Median Sold 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.
BedsFeb 2024Feb 2025Change YoY
1$224K$26K
-88.4%
2$136K$139.9K
+2.9%
3$214.2K$224.3K
+4.7%
4$338.9K$340K
0.3%
5$357.5K$431.9K
+20.8%

Summary: Florence housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -88.4%. The home price for 2 bedroom homes increased by +2.9%. The home price for 3 bedroom homes increased by +4.7%. The home price for 4 bedroom homes increased by 0.3%. The home price for 5 bedroom homes increased by +20.8%.

How does Florence, SC compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Florence, SC

Housing supply in Florence, SC

How many homes are available in Florence, SC?

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
389Last MonthFeb 2025
3582 months agoJan 2025
+8.7 %
Change MoMJan – Feb

Summary: The Florence real estate market had 389 homes for sale in Feb 2025, a 8.7 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
53Last MonthFeb 2025
522 months agoJan 2025
+1.9 %
Change MoMJan – Feb

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.
BedsJan 2025Feb 2025Change MoM
100
0.0%
22829
+3.6%
3179205
+14.5%
4113116
+2.7%
53839
+2.6%

Summary: Florence housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes increased by +3.6%. The inventory for 3 bedroom homes increased by +14.5%. The inventory for 4 bedroom homes increased by +2.7%. The inventory for 5 bedroom homes increased by +2.6%.

Asking Price vs. Sold Price

How much do homes in Florence, SC cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price16 Homes

At Asking Price15 Homes

Under Asking Price22 Homes

Insight

If you're buying a home in Florence, you may be able to get a good deal. 41.5% of homes here sold below asking price last month.

Summary: A total of 53 homes were sold or pending in Florence in February 2025, up by 1.9% month-over-month. Of the 53 sold homes, 42% were sold under asking, 28% were sold at asking, and and 30% were sold over asking.

Days on Market for Florence, SC

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

Breakdown of Home Sale Times

Under 30 Days0 Home

30 – 90 Days0 Home

Over 90 Days1 Home

Insight

Most homes in Florence are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During February 2025, 53 homes were sold in Florence; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
137 DaysThis YearFeb 2025
40 Days1 year agoFeb 2024
+242.5 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Florence had an average listing age of 137 days in Feb 2025, up by 242.5% compared to the previous year.

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Newest Listings in Florence, SC

What homes are available in Florence, SC?

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Nearby markets

Nearby markets aren't available for Florence, SC

Popular Cities with Homes for Sale in South Carolina

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Based on information from Pee Dee REALTOR® Association MLS, Coastal Carolinas MLS, Consolidated Multiple Listing Service Inc., Canopy MLS, and CHS MLS for the period 03/01/2023 - 03/01/2025

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Last updated on: 3/12/2025, 11:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.

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Last updated on: 3/12/2025, 11:21:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/12/2025, 11:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.