Florence AZ Real Estate - Florence AZ Homes For Sale | Zillow (2024)

FAQs

Are houses selling fast in Arizona? ›

🔎 Key takeaways: Average time to sell in Arizona

In Arizona, it takes an average of 88 days to sell a house. That's 3.5% slower than than the national average of 85 days. On average, homes in Arizona sit on the market for 53 days, and it typically takes 35 days to close once an offer has been accepted.

In 2022, Florence, AZ had a population of 25.8k people with a median age of 42.8 and a median household income of $74,025.

The town did not increase our property tax levy (the total amount collected) this fiscal year (July 1, 2023 – June 30, 2024), maintaining a relatively low rate ($0.9990 per $100 of net assessed valuation) compared to others in the county.

If you can afford it, now is actually a pretty good time to buy in Arizona. While home prices surged here throughout the pandemic, things are starting to look better for buyers. Data from the Arizona Association of Realtors shows that the number of listings in the state increased by 14.6 percent in the past year.

The current median days on market (DOM) in Arizona is 51 days. This is relatively average compared to other states, but the state's limited inventory and rising prices indicate a seller's market.

Home prices will continue to increase in Arizona.

The data indicates that there will be a steady growth in home prices, which aligns with the overall health of the housing market. Here are some of the up-and-coming neighborhoods in Arizona real estate to watch in 2024 and beyond.

Founded in 1866, this bastion of the Wild West is home to 8,500 citizens and 17,000 inmates incarcerated in nine prisons.

Florence is a city located in Pinal County Arizona. Florence has a 2024 population of 23,274. It is also the county seat of Pinal County. Florence is currently declining at a rate of -4.19% annually and its population has decreased by -14.88% since the most recent census, which recorded a population of 27,342 in 2020.

Qualifications. Age: At least one property owner must be the minimum qualifying age of 65 at the time of application. Residence: The property must be the owner(s) primary residence. A "primary" residence is that residence which is occupied by the property owner(s) for an aggregate of nine months of the calendar year.

Does Arizona tax social security? ›

Is Social Security taxable in Arizona? The state of Arizona does not tax Social Security retirement benefits.

At 0.39%, the rural area of Greenlee County has the lowest rate among Arizona property taxes. With a typical home value of $117,300, the average resident pays around $457.

Downsides of living in Arizona include: extreme summer heat, dry desert climate, limited public transportation, and potentially dangerous wildlife encounters with scorpions, rattlesnakes, and other desert creatures.

Here are some general FHA loan requirements for Arizona. A credit score of 580 or higher: A lender may accept credit scores of 500-579 under certain conditions. A credit score lower than 580 will require a larger down payment. Minimum of two years employment: Must have verifiable, steady, and consistent income.

Your down payment can be money that you have saved OR a gift that you have received from a relative or employer. The best first time Conventional home buyer program will require 3% down payment. The FHA mortgage will require 3.5% down payment.

Arizona Housing Market Overview

In June 2024, home prices in Arizona were up 1.9% compared to last year, selling for a median price. On average, the number of homes sold was down 13.8% year over year and there were 8,428 homes sold in June this year, down 9,774 homes sold in June last year.

Across Arizona, there is a shortage of rental homes affordable and available to extremely low income households (ELI), whose incomes are at or below the poverty guideline or 30% of their area median income (AMI).

After an offer is accepted, home sales typically require an additional 30- to 45- day closing period before they are officially sold. Therefore, the average time it takes to sell a house is 55-70 days in the U.S.

1 fastest-selling housing market: Hartford, Connecticut. As of January 2024, the fastest-selling housing market in the U.S. is Hartford, Connecticut.