$10,000 Closing Credit*
$975,000
2,243 SqFt
4 Beds
•4 Baths
Kayla M Deveau, Listing Office: The Agency
Is Prescott, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Prescott was a Seller's Market.
Key Takeaway
Prescott is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Prescott, AZ
How much do homes in Prescott, AZ cost?
Median Sold Price
$640,067
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$15,067(+2.4%)
Key Takeaway
Homes in Prescott have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Prescott was $640,067 in October 2024, up 2.4% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $265K | $250K | -5.7% |
| 2 Bedrooms | $475K | $435K | -8.4% |
| 3 Bedrooms | $680K | $662.5K | -2.6% |
| 4 Bedrooms | $755K | $872.5K | +15.6% |
| 5+ Bedrooms | $914.5K | $1.2M | +31.2% |
Summary: Prescott housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes decreased by 8.4%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 15.6%, and 5+ bedroom homes increased by 31.2%.
Median Sold Price Compared To Nearby Cities
| Prescott Valley | $483K | $505K | +4.6% |
| Prescott | $625K | $640K | +2.4% |
| Mingus Mountain | $550K | $524.5K | -4.6% |
Housing Supply in Prescott, AZ
How many homes are available in Prescott, AZ?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 228 | 238 | +4.4% |
Summary: The Prescott real estate market had 238 homes for sale in October 2024, a 4.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 46 | 47 | +2.2% |
| 3 Bedrooms | 122 | 124 | +1.6% |
| 4 Bedrooms | 42 | 45 | +7.1% |
| 5+ Bedrooms | 15 | 18 | +20.0% |
Summary: The Prescott housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 39 | 33 | -15.4% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prescott, you may be able to get a good deal. 60.6% of homes here sold below asking price last month.
Summary: A total of 33 homes were sold or pending in Prescott in October 2024, down by 15.4% month-over-month. Of the 33 sold homes, 61% were sold under asking, 33% were sold at asking, and 6% were sold over asking.
Days on Market for Prescott, AZ
How long does it take to sell a home in Prescott, AZ?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 50 Days | 62 Days | +23.0% |
Summary: Homes in Prescott had an average of 62 days on market in Oct 2024, up by 23% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Prescott has remained consistent over time.
Summary: During October 2024, 33 homes were sold in Prescott; 33% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 30% of homes were sold over 90 days.
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than this broker are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved.