$4,097 Closing Credit*
$345,000
2,060 SqFt
3 Beds
•2 Full Baths
Listing Office: RE/MAX Results
Is Prescott, WI 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, WI
How much do homes in Prescott, WI cost?
Median Sold Price
$375,000
$187/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$25,700(-6.4%)
Key Takeaway
Homes in Prescott have sold for 6.4% less than they did a year ago.
Summary: The median home sold price in Prescott was $375,000 in October 2024, down 6.4% from last year, and the median price per square foot was $187.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $700K | - | N/A |
| 2 Bedrooms | $299.9K | $305K | +1.7% |
| 3 Bedrooms | $337.3K | $329K | -2.5% |
| 4 Bedrooms | $437.5K | $420K | -4.0% |
| 5+ Bedrooms | $694K | $475K | -31.6% |
Summary: Prescott housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.7%, 3 bedroom homes decreased by 2.5%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes decreased by 31.6%.
Housing Supply in Prescott, WI
How many homes are available in Prescott, WI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 59 | 61 | +3.4% |
Summary: The Prescott real estate market had 61 homes for sale in October 2024, a 3.4% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 7 | -30.0% |
| 3 Bedrooms | 19 | 26 | +36.8% |
| 4 Bedrooms | 26 | 26 | 0.0% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Prescott housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes increased by 36.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 10 | 14 | +40.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Prescott, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 14 homes were sold or pending in Prescott in October 2024, up by 40.0% month-over-month. Of the 14 sold homes, 50% were sold under asking, 29% were sold at asking, and 21% were sold over asking.
Days on Market for Prescott, WI
How long does it take to sell a home in Prescott, WI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 63 Days | 38 Days | -38.9% |
Summary: Homes in Prescott had an average of 38 days on market in Oct 2024, down by 38.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Prescott are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 14 homes were sold in Prescott; 36% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
