35648
Florence, Alabama
Florence 35648 needs watching.
The 35648 ZIP code in Florence, Alabama has a median sale price of $190K, down -22.7% year-over-year. Homes spend an average of 55 days on market, with 14% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 35648.
The 35648 ZIP code in Florence is experiencing significant price compression, with the median sale price falling to $190,000—a 22.7% year-over-year decline. Properties are moving at a moderate pace, averaging 55 days on market, while only 14% of homes are selling above list price. This marks a decisive shift from the prior year's market dynamics, with price discovery clearly favoring buyers over sellers in negotiations.
Bargain-hunting buyers and value investors will find the most opportunity in current conditions, particularly those with cash positions or strong financing who can move quickly on undervalued assets. The 14% above-ask rate indicates minimal competition for most properties, giving purchasers substantial negotiating leverage. Sellers facing time constraints or holding non-essential properties should consider the 22.7% decline as a potential continuation rather than a bottom, making immediate exits more favorable than waiting for recovery.
The PropIQ score of 55 signals caution for both buyers and sellers, suggesting continued volatility rather than stabilization. With prices down nearly a quarter year-over-year, watch absorption rates and new listing volume over the next 60-90 days to determine if this correction is finding a floor. Any sustained increase in the 14% above-ask metric would provide the first reliable signal of demand recovery.
What is the median home price in 35648 Florence?
The median sale price in 35648 is $190K, down -22.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Florence 35648?
Homes in 35648 Florence spend an average of 55 days on market before going under contract.
Is Florence 35648 a good place to invest in real estate?
Folio's PropIQ™ score for 35648 is 55/100 — a Caution signal. 14% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 35648?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 55 = Caution in 35648 Florence, Alabama.