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FLORENCE, IN 47020

Real Estate Market Report  ·  Switzerland County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

Data as of March 2026. Source: Realtor.com.

The FLORENCE, IN real estate market (47020) currently shows 3 active listings, with 1 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice.

Homes are selling faster, averaging 72 days on market compared to 131 days last year.

The median listing price has fallen 35% year-over-year, from $477,900 to $310,425.

Whether you are buying or selling in FLORENCE, IN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 1,287  ·  Density: 26.4/mi²  ·  Median household income: $60,777

Typical home value: $122,216  ·  Homeownership: 75.7%

Market Overview

Active Listings
3
⇧ 200% vs 1 last year
Pending
1
33% pending ratio
Median Price
$310,425
⇩ 35% vs $477,900 last year
Average Price
$321,200
⇩ 32.8% vs $477,900 last year
Days on Market
72
⇩ 45% vs 131 days last year

Price Per Square Foot

Median $/sqft
$183
⇩ 21.5% vs $233/sqft last year
Median Home Size
1,713 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 3 this year vs 1 last year
  • Days on market: 72 now vs 131 last year

Median & Average Pricing

Year over Year
  • Median: $310,425 (-35% YoY)
  • Average: $321,200 (-32.8% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 22.2 miles — 155 listings ($58,260,382 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
47020Florence, IN 470200.0 mi1$319,500$319,500$319,500
41095Warsaw, KY 410956.5 mi16$3,930,896$234,250$245,681
41045Ghent, KY 410457.8 mi3$960,900$186,900$320,300
41086Sparta, KY 410868.7 mi8$3,614,992$458,700$451,874
41046Glencoe, KY 410469.8 mi4$1,151,460$251,225$287,865
41092Verona, KY 4109212.4 mi11$7,232,500$615,000$657,500
47018Dillsboro, IN 4701814.7 mi5$1,746,095$328,675$349,219
41005Burlington, KY 4100516.2 mi67$23,244,377$338,725$346,931
41008Carrollton, KY 4100816.7 mi19$6,210,359$287,100$326,861
41080Petersburg, KY 4108017.3 mi3$1,874,625$612,250$624,875
41030Crittenden, KY 4103018.7 mi7$2,473,100$357,500$353,300
47032Moores Hill, IN 4703219.7 mi7$3,631,026$588,725$518,718
47042Versailles, IN 4704222.2 mi4$1,870,552$404,975$467,638

Frequently Asked Questions

How many homes are for sale in FLORENCE, IN 47020?

As of March 2026, there are 3 active listings in FLORENCE, IN (zip code 47020), compared to 1 the prior year.

What is the median home price in FLORENCE, IN 47020?

The median listing price in FLORENCE, IN 47020 is $310,425 as of March 2026, a 35% decrease from $477,900 the prior year.

How long do homes stay on the market in FLORENCE, IN?

Homes in FLORENCE, IN 47020 spend an average of 72 days on the market before going under contract, compared to 131 days the prior year.

Is it a seller's or buyer's market in FLORENCE, IN 47020?

Based on current inventory and days-on-market data as of March 2026, FLORENCE, IN 47020 is currently a Balanced Market. Inventory has increased compared to last year, with 2 more homes available — giving buyers more choice. Homes are selling faster, averaging 72 days on market compared to 131 days last year.

How much can I save on real estate commission in FLORENCE, IN?

With SELL123.com's maximum 3% commission, sellers in FLORENCE, IN 47020 save an estimated $6,209 compared to a typical 5% commission on the median listing price of $310,425. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.