$3,907 Closing Credit*
$329,000
1,090 SqFt
2 Beds
•2 Baths
Samantha Mae Fields, Listing Office: Coldwell Banker Realty
Is Florence, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Florence was a Seller's Market.
Key Takeaway
Florence is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Florence, AZ
How much do homes in Florence, AZ cost?
Median Sold Price
$339,796
$199/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,106(+0.3%)
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 $339,796 in October 2024, up 0.3% from last year, and the median price per square foot was $199.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $128K | $133.2K | +4.1% |
| 2 Bedrooms | $399.9K | $392.5K | -1.9% |
| 3 Bedrooms | $312.6K | $320.9K | +2.7% |
| 4 Bedrooms | $340K | $349.4K | +2.8% |
| 5+ Bedrooms | $397.9K | $406.9K | +2.3% |
Summary: Florence housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 4.1%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
| North Pinal | $410K | $424.9K | +3.7% |
| Florence | $338.6K | $339.7K | 0.3% |
| Coolidge | $300K | $295.4K | -1.5% |
Housing Supply in Florence, AZ
How many homes are available in Florence, AZ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 311 | 328 | +5.5% |
Summary: The Florence real estate market had 328 homes for sale in October 2024, a 5.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 8 | +60.0% |
| 2 Bedrooms | 61 | 65 | +6.6% |
| 3 Bedrooms | 124 | 125 | +0.8% |
| 4 Bedrooms | 88 | 95 | +8.0% |
| 5+ Bedrooms | 33 | 35 | +6.1% |
Summary: The Florence housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 6.6%, 3 bedroom homes increased by 0.8%, 4 bedroom homes increased by 8%, and 5+ bedroom homes increased by 6.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 52 | -11.9% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
22 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Florence, you may be able to get a good deal. 44.2% of homes here sold below asking price last month.
Summary: A total of 52 homes were sold or pending in Florence in October 2024, down by 11.9% month-over-month. Of the 52 sold homes, 44% were sold under asking, 42% were sold at asking, and 13% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 68 Days | 66 Days | -2.6% |
Summary: Homes in Florence had an average of 66 days on market in Oct 2024, down by 2.6% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
16 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Florence has remained consistent over time.
Summary: During October 2024, 52 homes were sold in Florence; 27% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 31% 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.