Is Prescott, WI a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Prescott is a seller's market

Buyer's
Market

Difference Since February 2023

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

Key Takeaway

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

Housing Prices in Prescott, WI

How much do homes in Prescott, WI cost?

Median Sold Price

$389,900

$182/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$28,107(+7.8%)

Key Takeaway

Homes in Prescott have sold for 7.8% more than they did a year ago.

Summary: The median home sold price in Prescott was $389,900 in February 2024, up 7.8% from last year, and the median price per square foot was $182.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $630K$700K
+11.1%
2 $292.5K$299.9K
+2.5%
3 $353.4K$315.5K
-10.7%
4 $389.9K$435K
+11.6%
5+ $582K$799.9K
+37.4%

Summary: Prescott housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 2.5%, 3 bedroom homes decreased by 10.7%, 4 bedroom homes increased by 11.6%, and 5+ bedroom homes increased by 37.4%.

Median Sold Price Compared To Nearby Cities

Oak Grove
+57.4%
Prescott
+7.8%

Housing Supply in Prescott, WI

How many homes are available in Prescott, WI?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5357+7.5%

Summary: The Prescott real estate market had 57 homes for sale in February 2024, a 7.5% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 77
0.0%
3 2325
+8.7%
4 2122
+4.8%
5+ 23
+50.0%

Summary: The Prescott 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 increased by 8.7%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
412+200.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 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, you may be able to get a good deal. 58.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Prescott in February 2024, up by 200.0% month-over-month. Of the 12 sold homes, 58% were sold under asking, 25% were sold at asking, and 17% were sold over asking.

Days on Market for Prescott, WI

How long does it take to sell a home in Prescott, WI?

Average Sale Time

Feb 2023Feb 2024CHANGE
58 Days63 Days+9.0%

Summary: Homes in Prescott had an average of 63 days on market in Feb 2024, up by 9% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

3 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 has remained consistent over time.

Summary: During February 2024, 12 homes were sold in Prescott; 17% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% 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 27 Days Ago

Newest Listings in Prescott, WI

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