$2,019 Closing Credit*
$170,000
1,152 SqFt
3 Beds
•1 Full Bath
KAREN WILTSE, Listing Office: WILTSE REALTY
Is Prescott, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Prescott has remained a Seller's Market.
Key Takeaway
Prescott is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Prescott, MI
How much do homes in Prescott, MI cost?
Median Sold Price
$110,000
$106/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$11,250(+11.4%)
Key Takeaway
Homes in Prescott have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Prescott was $110,000 in October 2024, up 11.4% from last year, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $85K | $65K | -23.5% |
| 2 Bedrooms | $92K | $80.7K | -12.2% |
| 3 Bedrooms | $110K | $165K | +50.0% |
| 4 Bedrooms | $30K | $76.5K | +155.0% |
| 5+ Bedrooms | - | $247K | N/A |
Summary: Prescott housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.5%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 155%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Prescott | $98.7K | $110K | +11.4% |
| Richland Township | $334K | $336K | +0.6% |
Housing Supply in Prescott, MI
How many homes are available in Prescott, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 18 | 19 | +5.6% |
Summary: The Prescott real estate market had 19 homes for sale in October 2024, a 5.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 7 | 6 | -14.3% |
| 3 Bedrooms | 9 | 9 | 0.0% |
| 4 Bedrooms | 1 | 2 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Prescott housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 14.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 4 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prescott, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Prescott in October 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Prescott, MI
How long does it take to sell a home in Prescott, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 126 Days | +148.0% |
Summary: Homes in Prescott had an average of 126 days on market in Oct 2024, up by 148% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Prescott has remained consistent over time.
Summary: During October 2024, 4 homes were sold in Prescott; 0% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. 
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