Is Florence, SC 29505 a buyer’s or seller’s market?

The Florence housing market right now

In the three months ending August 31, 2026, 10% of homes in Florence, SC 29505 sold above their list price, the typical home went under contract in 72 days and there were 5 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 100 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold faster (83 days then) and the median sale price fell 6% to $244,894. Overall, Florence is more competitive than a year ago, so tougher for buyers.

Within Florence County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 70%. On our competition score, Florence ranks #145 of 191 SC ZIP codes with enough sales (score 19 out of 100).

Nearby, buyers who want less competition could look at Lake City 29560 (0% sold over asking) or Johnsonville 29555 (0% sold over asking), while Scranton 29591 (50% sold over asking) and Pamplico 29583 (29% sold over asking) are even more competitive.