Is Florence, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Florence has remained a Seller's Market.
Housing Prices in Florence, AZ
How much do homes in Florence, AZ cost?
Median Sold Price
$339,883
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Florence was $339,883 in June 2024, down 2.9% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123.5K | $131.9K | +6.8% |
2 Bedrooms | $399.4K | $395K | -1.1% |
3 Bedrooms | $320K | $323.9K | +1.2% |
4 Bedrooms | $353K | $345K | -2.3% |
5+ Bedrooms | $412.5K | $408.7K | -0.9% |
Summary: Florence housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes increased by 1.2%, 4 bedroom homes decreased by 2.3%, and 5+ bedroom homes decreased by 0.9%.
Median Sold Price Compared To Nearby Cities
North Pinal | $417.6K | $424.9K | +1.7% |
Coolidge | $300K | $300K | 0.0% |
Florence | $349.9K | $339.8K | -2.9% |
Housing Supply in Florence, AZ
How many homes are available in Florence, AZ?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
287 | 267 | -7.0% |
Summary: The Florence real estate market had 267 homes for sale in June 2024, a 7.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 64 | 54 | -15.6% |
3 Bedrooms | 132 | 120 | -9.1% |
4 Bedrooms | 63 | 68 | +7.9% |
5+ Bedrooms | 24 | 22 | -8.3% |
Summary: The Florence housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 15.6%, 3 bedroom homes decreased by 9.1%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
77 | 49 | -36.4% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in Florence in June 2024, down by 36.4% month-over-month. Of the 49 sold homes, 47% were sold under asking, 39% were sold at asking, and 14% were sold over asking.
Days on Market for Florence, AZ
How long does it take to sell a home in Florence, AZ?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
86 Days | 84 Days | -2.2% |
Summary: Homes in Florence had an average of 84 days on market in Jun 2024, down by 2.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
21 Homes Were Sold
Over 90 Days
Summary: During June 2024, 49 homes were sold in Florence; 18% of homes were sold within 30 days, 39% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.