$3,741 Closing Credit*
$315,000
1,232 SqFt
3 Beds
•2 Baths
Derek B Tschilar, Listing Office: Realty ONE Group
Is Florence, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Florence was a Seller's Market.
Key Takeaway
Florence is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Florence, AZ
How much do homes in Florence, AZ cost?
Median Sold Price
$339,919
$200/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$30(0.0%)
Key Takeaway
The sold price of homes in Florence has remained the same since last year.
Summary: The median home sold price in Florence was $339,919 in November 2024, the same as last year, and the median price per square foot was $200.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $126.2K | $134.6K | +6.6% |
| 2 Bedrooms | $398.4K | $395K | -0.9% |
| 3 Bedrooms | $311.4K | $324.9K | +4.3% |
| 4 Bedrooms | $341.9K | $347.3K | +1.6% |
| 5+ Bedrooms | $395.2K | $409.7K | +3.7% |
Summary: Florence housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.6%, 2 bedroom homes decreased by 0.9%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 1.6%, and 5+ bedroom homes increased by 3.7%.
Median Sold Price Compared To Nearby Cities
| North Pinal | $410K | $425K | +3.7% |
| Florence | $339.8K | $339.9K | 0.0% |
| Coolidge | $300K | $295K | -1.7% |
Housing Supply in Florence, AZ
How many homes are available in Florence, AZ?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 311 | 320 | +2.9% |
Summary: The Florence real estate market had 320 homes for sale in November 2024, a 2.9% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 4 | -42.9% |
| 2 Bedrooms | 62 | 75 | +21.0% |
| 3 Bedrooms | 119 | 119 | 0.0% |
| 4 Bedrooms | 89 | 88 | -1.1% |
| 5+ Bedrooms | 34 | 34 | 0.0% |
Summary: The Florence housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 42.9%, 2 bedroom homes increased by 21%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 49 | 44 | -10.2% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florence, you may be able to get a good deal. 56.8% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Florence in November 2024, down by 10.2% month-over-month. Of the 44 sold homes, 57% were sold under asking, 23% were sold at asking, and 20% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 53 Days | 75 Days | +42.4% |
Summary: Homes in Florence had an average of 75 days on market in Nov 2024, up by 42.4% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
15 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Florence are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 44 homes were sold in Florence; 36% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 34% of homes were sold over 90 days.
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The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than this broker are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved.