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

Housing Market Conditions



Gauge showing Florence is a seller's market


Difference Since May 2023

Since last year, Florence has remained a Seller's Market.

Key Takeaway

Florence is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Florence, AZ

How much do homes in Florence, AZ cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Florence have sold for 4.2% less than they did a year ago.

Summary: The median home sold price in Florence was $339,892 in May 2024, down 4.2% from last year, and the median price per square foot was $196.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $123.5K$133.2K
2 $398K$403.3K
3 $325K$320.4K
4 $360.6K$345K
5+ $421K$408.7K

Summary: Florence housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 7.9%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 1.4%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes decreased by 2.9%.

Median Sold Price Compared To Nearby Cities

North Pinal

Housing Supply in Florence, AZ

How many homes are available in Florence, AZ?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Florence real estate market had 297 homes for sale in May 2024, a 7.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 54
2 6469
3 117138
4 6661
5+ 2425

Summary: The Florence housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 7.8%, 3 bedroom homes increased by 17.9%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes increased by 4.2%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

27 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Florence, you may be able to get a good deal. 45.3% of homes here sold below asking price last month.

Summary: A total of 75 homes were sold or pending in Florence in May 2024, up by 53.1% month-over-month. Of the 75 sold homes, 45% were sold under asking, 36% were sold at asking, and 19% 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

May 2023May 2024CHANGE
91 Days70 Days-23.3%

Summary: Homes in Florence had an average of 70 days on market in May 2024, down by 23.3% compared to last year.

Breakdown of Home Sale Times

24 Homes Were Sold
Under 30 Days

31 Homes Were Sold
In 30 - 90 Days

20 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Florence has remained consistent over time.

Summary: During May 2024, 75 homes were sold in Florence; 32% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in Florence, AZ

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What housing markets are near Florence, AZ?