Is Prescott Valley, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Prescott Valley has remained a Seller's Market.
Housing Prices in Prescott Valley, AZ
How much do homes in Prescott Valley, AZ cost?
Median Sold Price
$474,500
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Prescott Valley was $474,500 in May 2024, down 3% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $430K | $403K | -6.3% |
3 Bedrooms | $452.5K | $455K | +0.6% |
4 Bedrooms | $647.5K | $630K | -2.7% |
5+ Bedrooms | $655.5K | $636.2K | -2.9% |
Summary: Prescott Valley housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.3%, 3 bedroom homes increased by 0.6%, 4 bedroom homes decreased by 2.7%, and 5+ bedroom homes decreased by 2.9%.
Median Sold Price Compared To Nearby Cities
Cordes Lakes-Mayer | $325K | $359K | +10.5% |
Mingus Mountain | $532.4K | $539.9K | +1.4% |
Prescott Valley | $489K | $474.5K | -3.0% |
Housing Supply in Prescott Valley, AZ
How many homes are available in Prescott Valley, AZ?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
81 | 86 | +6.2% |
Summary: The Prescott Valley real estate market had 86 homes for sale in May 2024, a 6.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 6 | 7 | +16.7% |
3 Bedrooms | 47 | 50 | +6.4% |
4 Bedrooms | 24 | 25 | +4.2% |
5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Prescott Valley housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 18 | +28.6% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Prescott Valley in May 2024, up by 28.6% month-over-month. Of the 18 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Prescott Valley, AZ
How long does it take to sell a home in Prescott Valley, AZ?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
48 Days | 63 Days | +31.1% |
Summary: Homes in Prescott Valley had an average of 63 days on market in May 2024, up by 31.1% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During May 2024, 18 homes were sold in Prescott Valley; 28% of homes were sold within 30 days, 56% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.