Yavapai County Market Report- Search your area

Prescott, AZ

Single-Family Homes

Lawyers Title, 325 W. Gurley St. #101, Prescott, AZ 86301



Prescott, AZ

Sun May 26 2024
This week the median list price for Prescott, AZ is $849,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has increased to 382. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Prescott, AZ

Sun May 26 2024
This week the median list price for Prescott, AZ is $849,000 with the market action index hovering around 34. This is less than last month's market action index of 35. Inventory has increased to 382. 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

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Prescott market.
Median List Price $849,000
Median Price of New Listings $649,500
Per Square Foot $354
Average Days on Market 91
Median Days on Market 49
Price Decreased 43%
Price Increased 2%
Relisted 6%
Inventory 382
Median Rent
Market Action 34
Slight Seller's Advantage

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$1,375,000 3,336 1 - 2.5 acres 3 3 17 6 5 56
$936,928 2,557 0.5 - 1 acre 3 2.5 19 1 12 84
$749,850 2,275 0.25 - 0.5 acre 3 2 23 9 5 42
$549,949 1,705 0.25 - 0.5 acre 3 2 39 16 19 35