Is Prescott Valley, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Prescott Valley was $470,000 in March 2024, down 2.1% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $400K | $430K | +7.5% |
3 Bedrooms | $457K | $450K | -1.5% |
4 Bedrooms | $685K | $585K | -14.6% |
5+ Bedrooms | $655.5K | $625K | -4.7% |
Summary: Prescott Valley housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.5%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 14.6%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
Mingus Mountain | $540K | $534.9K | -0.9% |
Prescott Valley | $480K | $470K | -2.1% |
Housing Supply in Prescott Valley, AZ
How many homes are available in Prescott Valley, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
62 | 79 | +27.4% |
Summary: The Prescott Valley real estate market had 79 homes for sale in March 2024, a 27.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 8 | +14.3% |
3 Bedrooms | 39 | 45 | +15.4% |
4 Bedrooms | 12 | 21 | +75.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Prescott Valley housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 15.4%, 4 bedroom homes increased by 75%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 17 | +54.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Prescott Valley in March 2024, up by 54.5% month-over-month. Of the 17 sold homes, 65% were sold under asking, 12% were sold at asking, and 24% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
71 Days | 60 Days | -15.9% |
Summary: Homes in Prescott Valley had an average of 60 days on market in Mar 2024, down by 15.9% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During March 2024, 17 homes were sold in Prescott Valley; 35% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.