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Preforeclosure Homes in Prescott, AZ

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Prescott, AZ Foreclosures

How much do homes sell for in Prescott, AZ?
The average home price is currently $630,996.
In Prescott, AZ, how many homes are available?
There are currently 28 active home listings available in Prescott.
What’s the average rental cost in Prescott, AZ?
The average rental price in Prescott is $1,623.
What is the most expensive home in Prescott?
The most expensive home sold in Prescott had a price of $61,945,882.
What is currently the cheapest priced home in Prescott, AZ?
The cheapest home for sale in Prescott is priced at $10,042.

Living in Prescott, AZ

Prescott, Arizona, is a picturesque city known for its beautiful landscapes and rich history. It serves as a hub for outdoor activities, artists, and community events. With a charming downtown and excellent educational opportunities, Prescott is an appealing destination for families and retirees alike.

Current Market Conditions in Prescott, AZ

Prescott's real estate market has been experiencing significant growth in recent years, driven by an influx of buyers attracted to the area's natural beauty and pleasant climate. The demand for homes in Prescott has resulted in rising property values and a competitive market, with limited inventory making it challenging for buyers to find their ideal home. As more people seek second homes and retirement properties, the market continues to evolve, presenting both opportunities and challenges for investors and new homeowners.

Investors are particularly drawn to Prescott due to its solid rental market, making it an attractive option for those looking to diversify their portfolios. The city has consistently shown appreciation in home values, indicating a healthy market that is likely to continue trending upward.

Home Value Estimator For Prescott, AZ

There are currently 37,354 real estate properties in Prescott, AZ, with a median automated valuation model (AVM) price of $540,427.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Prescott, AZ, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Prescott, AZ, is $630,996.00, with the most expensive house in Prescott, AZ, topping out at $61,945,882.00 and the cheapest home in Prescott, AZ, clocking in at $10,042.00. In other words, there’s something for every potential homebuyer or savvy investor in Prescott, AZ!

Rent Prices In Prescott, AZ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Prescott, AZ, is on a rollercoaster ride. The average rent price in Prescott, AZ, is $1,623.00. Indeed, when looking to rent in Prescott, AZ, you can expect to pay as little as $520.00 or as much as $4,520.00, with the average rent median estimated to be $1,600.00. The good news is that finding an affordable and desirable property to rent in Prescott, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Prescott, AZ Preforeclosure Homes


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