Is Prescott Valley, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Prescott Valley was a Seller's Market.
Housing Prices in Prescott Valley, AZ
How much do homes in Prescott Valley, AZ cost?
Median Sold Price
$472,250
$281/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Prescott Valley was $472,250 in April 2024, down 1.1% from last year, and the median price per square foot was $281.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $400K | $405K | +1.3% |
3 Bedrooms | $452.2K | $457.5K | +1.2% |
4 Bedrooms | $645K | $647.5K | 0.4% |
5+ Bedrooms | $655.5K | $625K | -4.7% |
Summary: Prescott Valley housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.3%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes decreased by 4.7%.
Median Sold Price Compared To Nearby Cities
Mingus Mountain | $538.1K | $535.6K | -0.5% |
Prescott Valley | $477.5K | $472.2K | -1.1% |
Housing Supply in Prescott Valley, AZ
How many homes are available in Prescott Valley, AZ?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
81 | 83 | +2.5% |
Summary: The Prescott Valley real estate market had 83 homes for sale in April 2024, a 2.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 6 | +20.0% |
3 Bedrooms | 48 | 49 | +2.1% |
4 Bedrooms | 23 | 24 | +4.3% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Prescott Valley housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
17 | 14 | -17.6% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 14 homes were sold or pending in Prescott Valley in April 2024, down by 17.6% month-over-month. Of the 14 sold homes, 57% were sold under asking, 21% were sold at asking, and 21% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
63 Days | 51 Days | -18.2% |
Summary: Homes in Prescott Valley had an average of 51 days on market in Apr 2024, down by 18.2% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 14 homes were sold in Prescott Valley; 64% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 21% of homes were sold over 90 days.