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Featured local agent — Florence, AZ

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Sarah Mitchell

CNESRESABR

Compass Real Estate · Florence, AZ

“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”

Florence, AZ(512) 555-0184TX License #0512847

Visit website →sarahmitchellhomes.com

5.0 · 47 reviews

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Florence, AZ Housing Market & Real Estate

Balanced market-10.3% YoY

Housing market overview · Updated monthly · Data refreshed May 2026

$358,990median sale price

How is the Florence, AZ housing market right now?

The median home sale price in Florence, AZ is $358,990, down 10.3% year-over-year. Homes sell in an average of 104 days with 220 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)

Is Florence a buyer's or seller's market?

Balanced market3.9 months of supply104 avg. days on market

Florence, AZ is currently a balanced market, based on 3.9 months of supply and homes selling in about 104 days. How we determine this →

Homes sold

Last 12 weeks

Days on market

104

Average pace

Active listings

220

3.9 months supply

Sale-to-list

98.0%

Below asking

What does the Florence housing market data show?

Current housing market statistics for Florence, AZ
Metric	Value
Median sale price	$358,990
Median list price	$374,900
Year-over-year price change	-10.3%
Average days on market	104 days
Active inventory	220 listings
Months of supply	3.9 months
Sale-to-list price ratio	98.0%
Median price per sq ft	$190/sq ft
Homes sold (latest month)	57
New listings (latest month)	47
Listings with a price cut	38.2%
Market condition	Balanced market

Source: Redfin · Updated monthly

How much do homes cost in Florence by property type?

How the Florence, AZ market breaks down across single-family homes, condos, and townhouses.

Median price, price per square foot, homes sold and days on market by property type in Florence, AZ
Property type	Median price	Price / sq ft	Homes sold	Days on market
Single-family	$358,990	$190/sq ft	57	104 days
Townhouse	$164,500	$220/sq ft	2	261 days

Source: Redfin · Updated monthly

The Florence housing market is currently classified as a balanced market with a median sale price of $358,990. Prices have fallen 10.3% compared to last year, with homes spending an average of 104 days on market, indicating 3.9 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.4x provides context for how home values compare to local earning capacity.

Market trends

House

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Active listings

220

Homes on market

Median list price

$375K

Avg. days on market

104

Days until sale

New this week

Newly listed

Price drops:38.2%of listings

Sale-to-list:98.0%

Who lives in Florence?

Population

25,961

Median income

$76,259/yr

Median age

43 years

Owner-occupied

86.0%

College grads

16.6%

Avg commute

27.7 min

Source: U.S. Census Bureau ACS

What are homes worth in Florence?

Zillow home value

$332,026

Zillow rent index

$1,743/mo

Price-to-rent ratio

15.9x

Price-to-income

4.4x

Source: Zillow Research

What is it like to live in Florence?

Florence is a community of approximately 26K residents with a median age of 43 years.The median household income is $76,259, which reflects a relatively affluent area with strong earning potential. 16.6% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.

Homeownership rates are at 86.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 27.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Florence offers a balanced lifestyle with accessible home values relative to local income levels.

Which public schools serve Florence?

8 schools tracked · 4,250 students

The largest public schools serving Florence, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.

American Leadership Academy Anthem K-6

Grades K-12 · 1,050 students

Charter

Florence High School

Grades 7-12 · 842 students

Public

Florence K-8

Grades PK-8 · 758 students

Public

Anthem Elementary School

Grades PK-9 · 705 students

Public

Magma Ranch K8 School

Grades PK-8 · 535 students

Public

Florence Virtual Academy

Grades K-12 · 182 students

Public

Mountain Vista Academy

Grades PK-12 · 178 students

Alternative

CAVIT - Florence Unified

Grades 9-12

Vocational

Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.

Which cities are near Florence, AZ?

Want a head-to-head view? Compare Florence side-by-side with any other U.S. city using our market-comparison tool.

Cactus Forest

Coolidge

San Tan Valley

Queen Valley

Queen Creek

Gold Canyon

Superior

Apache Junction

Which ZIP codes are in Florence?

85132

Is Florence a good real estate investment market?

For investors evaluating Florence, the price-to-rent ratio of 15.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 10.3% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Florence's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Florence's median home price.

Frequently asked questions

What is the average home price in Florence?

The median home sale price in Florence is $358,990, down 10.3% from last year.

How long do homes stay on market in Florence?

Homes typically spend 104 days on market before going under contract.

What is the median income in Florence?

The median household income is $76,259 per year.

Is Florence a buyer's or seller's market?

With 3.9 months of supply, Florence is currently a balanced market.

How many homes are for sale in Florence?

There are currently 220 homes listed for sale in Florence, AZ.

What is the Zillow home value estimate for Florence?

The Zillow Home Value Index (ZHVI) for Florence is $332,026, representing the typical home value in the area.

How much does a single-family home cost in Florence?

The median single-family home price in Florence, AZ is $358,990 (about $190 per square foot).

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