First Integrity Title Market Report

Florence, AZ

Single-Family Homes

www.FirstIntegrityTitle.com | 888-636-0372


Florence, AZ

Fri Jul 26 2024
This week the median list price for Florence, AZ is $359,500 with the market action index hovering around 38. This is less than last month's market action index of 41. Inventory has held steady at or around 161. Click here to stay informed with the Florence market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Florence, AZ

Fri Jul 26 2024
This week the median list price for Florence, AZ is $359,500 with the market action index hovering around 38. This is less than last month's market action index of 41. Inventory has held steady at or around 161. Click here to stay informed with the Florence market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Florence market.
Median List Price $359,500
Median Price of New Listings $378,995
Per Square Foot $201
Average Days on Market 83
Median Days on Market 49
Price Decreased 51%
Price Increased 12%
Relisted 6%
Inventory 161
Median Rent
Market Action 38
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$499,350 2,430 6,500 - 8,000 sqft 2 3 7 2 2 63
$389,450 2,090 6,500 - 8,000 sqft 4 2 6 5 5 49
$344,995 1,756 4,500 - 6,500 sqft 3 2 4 1 0 42
$307,900 1,457 4,500 - 6,500 sqft 3 2 16 2 2 42