Altos Market Data for Realtors

Prescott, AZ

Single-Family Homes

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Prescott, AZ

Sun Jul 05 2020
This week the median list price for Prescott, AZ is $592,500 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 412. Click here to stay informed with the Prescott market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Prescott, AZ

Sun Jul 05 2020
This week the median list price for Prescott, AZ is $592,500 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has held steady at or around 412. Click here to stay informed with the Prescott market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Prescott market.
Median List Price $592,500
Per Square Foot $234
Days on Market 111
Price Decreased 36%
Price Increased 3%
Relisted 5%
Inventory 412
Median Rent $1,500
Most Expensive $3,999,888
Least Expensive $12,500
Market Action 35
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$925,000 3,626 1 - 2.5 acres 4 4 14 10 9 135
$650,000 2,882 0.25 - 0.5 acre 3 3 15 6 9 104
$520,000 2,346 0.25 - 0.5 acre 3 3 15 9 11 127
$349,900 1,593 6,500 - 8,000 sqft 3 2 35 15 25 75