Is Florence, NJ 08518 a buyer’s or seller’s market?

The Florence housing market right now

In the three months ending August 31, 2026, 41% of homes in Florence, NJ 08518 sold above their list price, the typical home went under contract in 45 days and there were 4.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 17 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 35%, homes sold more slowly (39 days then) and the median sale price fell 3% to $324,859. Overall, Florence is more competitive than a year ago, so tougher for buyers.

Within Burlington County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in 64%. On our competition score, Florence ranks #386 of 444 NJ ZIP codes with enough sales (score 55 out of 100).

Nearby, buyers who want less competition could look at Cookstown 08511 (0% sold over asking) or Chesterfield 08515 (22% sold over asking), while Bordentown 08505 (55% sold over asking) and Mount Laurel 08054 (54% sold over asking) are even more competitive.