Prescott, AZ Foreclosures
How much do homes sell for in Prescott, AZ?
The average home price is currently $620,974.
In Prescott, AZ, how many homes are available?
There are currently 23 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 $46,680,636.
What is currently the cheapest priced home in Prescott, AZ?
The cheapest home for sale in Prescott is priced at $14,470.
Living in Prescott, AZ
Prescott, Arizona, is a charming city known for its rich history and beautiful landscapes. Nestled in the Prescott National Forest, it offers a unique blend of old western charm and outdoor adventure. With various cultural events and a vibrant downtown area filled with shops and eateries, Prescott is an ideal place for those seeking a balanced lifestyle.
Current Market Conditions in Prescott, AZ
The real estate market in Prescott is currently stable, with a healthy mix of buyers and sellers. Houses are generally being listed and sold quickly, with properties often receiving multiple offers. The popularity of Prescott continues to grow largely due to its natural beauty and community-oriented lifestyle, attracting both locals and out-of-state buyers.
There is an observable trend of increasing home prices, reflecting the high demand in the area. The inventory remains somewhat low, which contributes to the competitive market. However, new developments are on the rise to accommodate the influx of residents looking for either primary homes or vacation properties.
Overall, Prescott's real estate market is resilient, boasting steady appreciation, and potential investors are showing interest in both residential and vacation rentals.
Home Value Estimator For Prescott, AZ
There are currently 29,825 real estate properties
in Prescott, AZ,
with a median automated valuation model (AVM) price
of $547,355.00. 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 $620,974.00, with the most expensive house
in Prescott, AZ, topping out
at $46,680,636.00 and the cheapest home
in Prescott, AZ,
clocking in at $14,470.00. 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.
Learn more on Foreclosure homes
