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Is Florence, IN 47020 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Florence is a seller’s market. With about 1.9 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Months of supply1.9Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.9%Sold price ÷ list price
Median days on market64Listing to accepted offer
Median price per sq ft$194▼ −12.1% vs. last year

The Florence housing market right now

In the three months ending August 31, 2026, 0% of homes in Florence, IN 47020 sold above their list price, the typical home went under contract in 64 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (117 days then) and the median sale price fell 35% to $232,399. Overall, Florence is more competitive than a year ago, so tougher for buyers.

Nearby, Vevay 47043 (11% sold over asking) is even more competitive.

Run the numbers for 47020

Prefilled for 47020Can I win this house?Multiple-offer likelihood for a listing Prefilled for 47020Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bennington 47011 $225 /sq ftPatriot 47038Balanced $152 /sq ftVevay 47043Seller’s market $144 /sq ft Browse all markets →

Towns like Florence nearby

Find towns like Florence in other states →
Berry, KY41003 · 38 miles away89% similarlarger Glencoe, KY41046 · 10 miles away86% similarpricier homes ($65K more) · more homeowners Holton, IN47023 · 28 miles away82% similarpricier homes ($57K more) · larger Vevay, IN47043 · 9 miles away81% similarpricier homes ($29K more) · larger

Where Florence is

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Questions about Florence real estate

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

A seller’s market: there were 1.9 months of supply in Florence, IN 47020 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Florence?

The typical home went under contract in 64 days in the latest three months.

Do homes in Florence sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.

What are property taxes in Florence?

About 0.45% of a home’s value a year in Switzerland County, or roughly $1,800 on a $400,000 home.

What is the median home price in Florence?

The median sale price was $232,399 in the three months ending August 31, 2026, about $194 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology