Is Florence, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$339,994
$195/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Florence was $339,994 in April 2024, down 6.1% from last year, and the median price per square foot was $195.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123.5K | $131.9K | +6.8% |
2 Bedrooms | $402.4K | $403.3K | 0.2% |
3 Bedrooms | $335K | $320.4K | -4.4% |
4 Bedrooms | $373.4K | $345K | -7.6% |
5+ Bedrooms | $426.9K | $397.9K | -6.8% |
Summary: Florence housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.8%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes decreased by 7.6%, and 5+ bedroom homes decreased by 6.8%.
Median Sold Price Compared To Nearby Cities
Coolidge | $307.2K | $300.3K | -2.3% |
North Pinal | $433.5K | $419.9K | -3.1% |
Florence | $362K | $339.9K | -6.1% |
Housing Supply in Florence, AZ
How many homes are available in Florence, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
274 | 261 | -4.7% |
Summary: The Florence real estate market had 261 homes for sale in April 2024, a 4.7% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 5 | 0.0% |
2 Bedrooms | 67 | 65 | -3.0% |
3 Bedrooms | 109 | 103 | -5.5% |
4 Bedrooms | 73 | 64 | -12.3% |
5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Florence housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 3%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
69 | 50 | -27.5% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
18 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Florence in April 2024, down by 27.5% month-over-month. Of the 50 sold homes, 46% were sold under asking, 36% were sold at asking, and 18% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
98 Days | 58 Days | -41.2% |
Summary: Homes in Florence had an average of 58 days on market in Apr 2024, down by 41.2% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
18 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During April 2024, 50 homes were sold in Florence; 40% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.