Prescott, IA Foreclosures
Current Market Conditions in in Prescott, IA As of March 2026?
In the past month, Prescott’s real estate market has shown positive momentum as more buyers enter the scene, encouraged by favorable lending rates and a desire for more space amidst ongoing trends of remote work. Homes that are well-maintained and priced appropriately are receiving multiple offers, which indicates a competitive landscape. Supply remains low, which continues to push prices modestly higher. The rising interest in home ownership in this charming town is indicative of a broader trend as more people seek out quieter communities with amenities that support family living.
How much do homes sell for in Prescott, IA?
The average home price is currently $223,743.
In Prescott, IA, how many homes are available?
There are currently 27 active home listings available in Prescott.
What’s the average rental cost in Prescott, IA?
The average rental price in Prescott is $1,073.
What is the most expensive home in Prescott?
The most expensive home sold in Prescott had a price of $1,038,553.
What is currently the cheapest priced home in Prescott, IA?
The cheapest home for sale in Prescott is priced at $24,237.
Living in Prescott, IA
Prescott, IA is a charming small town that offers a peaceful rural lifestyle with close-knit community vibes. With several outdoor recreational opportunities, it's ideal for families and retirees seeking a slower pace. The town also benefits from good transport links and educational resources, making it a great choice for homebuyers.
Buyer vs Seller Market in Prescott, IA
The real estate market in Prescott, IA, has remained stable over the past few months, with home prices reflecting a competitive landscape. The demand for homes, particularly among young families and retirees, has sustained interest in the local market, leading to steady sales figures and modest price increases.
As of late 2023, Prescott is experiencing a shift in its housing market, driven by low inventory levels and a growing number of buyers eager to settle in the town. While the prices are on the rise, they remain relatively affordable compared to larger urban centers, making Prescott an attractive option for first-time homebuyers and investors.
Home Value Estimator For Prescott, IA
There are currently 267 real estate properties
in Prescott, IA,
with a median automated valuation model (AVM) price
of $172,236.00. 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, IA, 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, IA,
is $223,743.00, with the most expensive house
in Prescott, IA, topping out
at $1,038,553.00 and the cheapest home
in Prescott, IA,
clocking in at $24,237.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Prescott, IA!
Rent Prices
In Prescott, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Prescott, IA, is on
a rollercoaster ride. The
average rent price in Prescott, IA,
is $1,073.00. Indeed, when looking to rent in
Prescott, IA, you can expect to pay as little
as $770.00 or as much
as $1,250.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Prescott, IA
-- 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.
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