Is Florence, WI 54121 a buyer’s or seller’s market?
Florence is a seller’s market. With about 3 months of supply and 53% 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.
More competitive than 82% of U.S. ZIP codes, and #77 of 319 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Florence housing market right now
In the three months ending August 31, 2026, 53% of homes in Florence, WI 54121 sold above their list price, the typical home went under contract in 42 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 15 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 33%, homes sold more slowly (19 days then) and the median sale price rose 3% to $309,866. Overall, Florence is more competitive than a year ago, so tougher for buyers.
On our competition score, Florence ranks #77 of 319 WI ZIP codes with enough sales (score 77 out of 100).
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Towns like Florence nearby
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Questions about Florence real estate
Is Florence a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Florence, WI 54121 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 42 days in the latest three months.
Do homes in Florence sell over asking?
53% of homes sold above their original list price, and the typical sale closed at 103.6% of the list price.
What are property taxes in Florence?
About 1.21% of a home’s value a year in Florence County, or roughly $4,840 on a $400,000 home.
What is the median home price in Florence?
The median sale price was $309,866 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