Is Prescott, WI 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 has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $630K | $700K | +11.1% |
2 Bedrooms | $292.5K | $299.9K | +2.5% |
3 Bedrooms | $353.4K | $315.5K | -10.7% |
4 Bedrooms | $389.9K | $435K | +11.6% |
5+ Bedrooms | $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 | $415K | $653.2K | +57.4% |
Prescott | $361.7K | $389.9K | +7.8% |
Housing Supply in Prescott, WI
How many homes are available in Prescott, WI?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
53 | 57 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 7 | 0.0% |
3 Bedrooms | 23 | 25 | +8.7% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 2 | 3 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
4 | 12 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
58 Days | 63 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
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.