Altos Market Data for Realtors

Prescott, AZ

Single-Family Homes

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Prescott, AZ

Sat Jul 31 2021
This week the median list price for Prescott, AZ is $761,000 with the market action index hovering around 58. This is less than last month's market action index of 59. Inventory has increased to 234. 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.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Prescott, AZ

Sat Jul 31 2021
This week the median list price for Prescott, AZ is $761,000 with the market action index hovering around 58. This is less than last month's market action index of 59. Inventory has increased to 234. 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.

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Prescott market.
Median List Price $761,000
Median Price of New Listings $618,000
Per Square Foot $309
Average Days on Market 53
Median Days on Market 28
Price Decreased 29%
Price Increased 15%
Relisted 6%
Inventory 234
Median Rent $2,150
Market Action 58
Strong Seller's Market

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
$1,297,500 3,933 1 - 2.5 acres 4 3 16 4 6 35
$874,950 2,600 0.5 - 1 acre 3 2 15 12 10 28
$662,000 2,254 0.25 - 0.5 acre 3 2 25 11 9 21
$439,500 1,506 0.25 - 0.5 acre 3 2 39 22 19 14