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Prescott, AZ 86301

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Prescott, AZ 86301

Thu Dec 01 2022
This week the median list price for Prescott, AZ 86301 is $687,450 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has decreased to 86. 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 86301

Thu Dec 01 2022
This week the median list price for Prescott, AZ 86301 is $687,450 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has decreased to 86. 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 $687,450
Median Price of New Listings $562,500
Per Square Foot $323
Average Days on Market 85
Median Days on Market 70
Price Decreased 62%
Price Increased 3%
Relisted 9%
Inventory 86
Median Rent
Market Action 41
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$1,150,000 3,098 0.25 - 0.5 acre 4 3 17 1 2 126
$732,000 2,262 0.25 - 0.5 acre 3 2 16 2 3 63
$619,950 2,023 0.25 - 0.5 acre 3 2 16 1 1 73
$451,000 1,542 8,000 - 10,000 sqft 3 2 26 4 6 52