Is Prescott Valley, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Prescott Valley is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Prescott Valley has remained a Seller's Market.

Key Takeaway

Prescott Valley is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

-$13,000(-2.7%)

Key Takeaway

Homes in Prescott Valley have sold for 2.7% less than they did a year ago.

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

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $402.5K$430K
+6.8%
3 $469.9K$436K
-7.2%
4 $729.2K$647.5K
-11.2%
5+ $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
0%
Prescott Valley
-2.7%
Cordes Lakes-Mayer
-4.0%

Housing Supply in Prescott Valley, AZ

How many homes are available in Prescott Valley, AZ?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5864+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

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 77
0.0%
3 3939
0.0%
4 813
+62.5%
5+ 45
+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 2024Feb 2024CHANGE
1011+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Prescott Valley, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.

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 2023Feb 2024CHANGE
100 Days69 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

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Prescott Valley has remained consistent over time.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Prescott Valley, AZ

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