Is Prescott Valley, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Prescott Valley has remained a Seller's Market.
Housing Prices in Prescott Valley, AZ
How much do homes in Prescott Valley, AZ cost?
Median Sold Price
$470,000
$277/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Prescott Valley was $470,000 in February 2024, down 2.7% from last year, and the median price per square foot was $277.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $402.5K | $430K | +6.8% |
3 Bedrooms | $469.9K | $436K | -7.2% |
4 Bedrooms | $729.2K | $647.5K | -11.2% |
5+ Bedrooms | $586K | $625K | +6.7% |
Summary: Prescott Valley housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.8%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 11.2%, and 5+ bedroom homes increased by 6.7%.
Median Sold Price Compared To Nearby Cities
Mingus Mountain | $535.6K | $535.6K | 0% |
Prescott Valley | $483K | $470K | -2.7% |
Cordes Lakes-Mayer | $334.5K | $321K | -4.0% |
Housing Supply in Prescott Valley, AZ
How many homes are available in Prescott Valley, AZ?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
58 | 64 | +10.3% |
Summary: The Prescott Valley real estate market had 64 homes for sale in February 2024, a 10.3% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 39 | 39 | 0.0% |
4 Bedrooms | 8 | 13 | +62.5% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Prescott Valley housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 62.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
10 | 11 | +10.0% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 11 homes were sold or pending in Prescott Valley in February 2024, up by 10.0% month-over-month. Of the 11 sold homes, 64% were sold under asking, 18% were sold at asking, and 18% were sold over asking.
Days on Market for Prescott Valley, AZ
How long does it take to sell a home in Prescott Valley, AZ?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
100 Days | 69 Days | -31.2% |
Summary: Homes in Prescott Valley had an average of 69 days on market in Feb 2024, down by 31.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 11 homes were sold in Prescott Valley; 9% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.