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FLORENCE, WI 54121

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

Market Analysis

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

The FLORENCE, WI real estate market (54121) currently shows 11 active listings, with 4 pending sales. Homes are averaging 63 days on the market before going under contract.

Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice.

Homes are selling faster, averaging 63 days on market compared to 162 days last year.

The median listing price has fallen 54.2% year-over-year, from $649,500 to $297,363.

Whether you are buying or selling in FLORENCE, WI, 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: 3,165  ·  Density: 4.5/mi²  ·  Median household income: $55,274

Typical home value: $159,573  ·  Homeownership: 89.4%

Market Overview

Active Listings
11
⇧ 37.5% vs 8 last year
Pending
4
36% pending ratio
Median Price
$297,363
⇩ 54.2% vs $649,500 last year
Average Price
$296,360
⇩ 73.5% vs $1,118,133 last year
Days on Market
63
⇩ 61.1% vs 162 days last year

Price Per Square Foot

Median $/sqft
$128
⇩ 70.7% vs $437/sqft last year
Median Home Size
1,746 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 8 last year
  • Days on market: 63 now vs 162 last year

Median & Average Pricing

Year over Year
  • Median: $297,363 (-54.2% YoY)
  • Average: $296,360 (-73.5% 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 31.5 miles — 131 listings ($38,325,633 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
54121Florence, WI 541210.0 mi9$2,763,036$296,113$307,004
49802Kingsford, MI 4980212.9 mi22$4,029,498$169,950$183,159
49801Iron Mountain, MI 4980115.4 mi29$7,831,856$176,850$270,064
49927Gaastra, MI 4992717.1 mi1$69,900$69,900$69,900
54119Dunbar, WI 5411918.0 mi2$124,000$62,000$62,000
54125Goodman, WI 5412519.1 mi1$165,000$165,000$165,000
54542Long Lake, WI 5454219.5 mi4$716,468$177,450$179,117
49870Norway, MI 4987020.7 mi7$1,562,869$174,900$223,267
54156Pembine, WI 5415626.2 mi7$3,101,931$365,000$443,133
49892Vulcan, MI 4989227.5 mi5$2,729,750$575,950$545,950
54104Athelstane, WI 5410429.4 mi9$3,356,703$289,000$372,967
49935Iron River, MI 4993530.4 mi33$11,534,622$187,000$349,534
49831Felch, MI 4983131.5 mi2$340,000$170,000$170,000

Frequently Asked Questions

How many homes are for sale in FLORENCE, WI 54121?

As of March 2026, there are 11 active listings in FLORENCE, WI (zip code 54121), compared to 8 the prior year.

What is the median home price in FLORENCE, WI 54121?

The median listing price in FLORENCE, WI 54121 is $297,363 as of March 2026, a 54.2% decrease from $649,500 the prior year.

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

Homes in FLORENCE, WI 54121 spend an average of 63 days on the market before going under contract, compared to 162 days the prior year.

Is it a seller's or buyer's market in FLORENCE, WI 54121?

Based on current inventory and days-on-market data as of March 2026, FLORENCE, WI 54121 is currently a Balanced Market. Inventory has increased compared to last year, with 3 more homes available — giving buyers more choice. Homes are selling faster, averaging 63 days on market compared to 162 days last year.

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

With SELL123.com's maximum 3% commission, sellers in FLORENCE, WI 54121 save an estimated $5,947 compared to a typical 5% commission on the median listing price of $297,363. 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.