New Listing
2
$55,000
1688 N Elaine Way
Prescott, AZ 86301
Land14,810 sqft lot
Keller Williams Arizona Realty
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Prescott, AZ Housing Market
Leaning buyer's-1.1% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Prescott, AZ is worth $597,307, fell 1.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $675,000, +15.4% year over year (through May 2026). With 4.0 months of supply and homes going under contract in about 54 days, Prescott is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $597,307 home is about $3,189/mo in principal and interest.
Key numbers for Prescott, AZ
Typical home value
$597,307
-1.1% in 12 months
Zillow, August 2026
Typical asking rent
$1,805/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$675,000
+15.4% year over year
Redfin, through May 2026
Days on market
54
Average pace
Redfin, through May 2026
Active listings
440
4.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$69,151
Home costs 8.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.8%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Prescott a buyer's or seller's market?
Leaning buyer's4.0 months of supply54 days on market97.8% of asking
Prescott, AZ is a leaning buyer's, based on 4.0 months of supply and homes selling in about 54 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Prescott housing market data show?
Every row below is Redfin's final published month for Prescott, AZ. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $675,000 |
| Median list price | $685,000 |
| Year-over-year price change | +15.4% |
| Median price per sq ft | $320/sq ft |
| Median days on market | 54 days |
| Active inventory | 440 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 97.8% |
| Homes sold (that month) | 111 |
| New listings (that month) | 160 |
| Listings with a price cut | 32.3% |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Prescott is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Prescott is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Prescott home prices moved?
Over the last three years the median sale price in Prescott, AZ rose 14.4%, from $590,000 to $675,000. The live Zillow value series has fell 1.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 32.3% of Prescott listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 97.8%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Prescott?
Priced off the typical home value of $597,307 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $119,461 | $477,845 | $3,189/mo |
| 5% | $29,865 | $567,441 | $3,787/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $3,189, that implies roughly $136,661 a year before you add taxes and insurance. The median household in Prescott earns $69,151, about $67,510 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 8.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Prescott in the next 12 months?
Tell us your timeline. We send the Prescott market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Prescott?
Typical asking rent in Prescott, AZ is $1,805/mo, against a typical home value of $597,307. That is a price-to-rent ratio of 27.6x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $3,189 a month — $1,384 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Prescott?
Active listings in Prescott, AZ went from 530 in May 2025 to 440 in May 2026, a -17.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 513 | 140 |
| July 2025 | 513 | 147 |
| August 2025 | 485 | 140 |
| September 2025 | 453 | 114 |
| October 2025 | 431 | 114 |
| November 2025 | 422 | 102 |
| December 2025 | 369 | 68 |
| January 2026 | 363 | 117 |
| February 2026 | 391 | 139 |
| March 2026 | 422 | 149 |
| April 2026 | 445 | 156 |
| May 2026 | 440 | 160 |
Redfin, through May 2026
How does Prescott compare to Arizona and the U.S.?
Prescott homes sell for $675,000 — 49% above the Arizona median of $453,800. Against the national median of $410,700, Prescott runs 64% higher. Year-over-year, Prescott moved +15.4% against Arizona's +0.5% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Prescott, AZ | $675,000 | +15.4% | 54 days |
| Arizona statewide | $453,800 | +0.5% | 62 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Prescott
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 32.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $598 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $597,307 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Prescott listing goes under contract in 54 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Prescott added 160 new listings against 111 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -1.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Prescott varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Prescott
There are currently 440 homes listed for sale in Prescott, Arizona. The median listing price is $685K. Featured listings range from $55,000 to $1,195,000.
New Listing
14
$150,000
6265 E Vista Del Oro Dr
Prescott, AZ 86303
Land2.22 acres
Better Homes And Gardens Real Estate Bloomtree Realty
View photos & details
New Listing
3
$159,900
705 S Rancho Vista Dr
Prescott, AZ 86303
Land20,909 sqft lot
Panoramic Realty
View photos & details
New Listing
17
$300,000
1276 S Sylvian Rd
Prescott, AZ 86303
2 bd2 ba1,207 sqft$249/ft²
House8,276 sqft lot
Realty Executives AZ Territory
View photos & details
New Listing
25
$409,900
8520 S Hoot Owl Ridge Dr
Prescott, AZ 86303
2 bd1 ba1,277 sqft$321/ft²
House1.89 acres
Realty ONE Group Mountain Desert
View photos & details
New Listing
33
$470,000
9975 S Short Pine Trl
Prescott, AZ 86303
2 bd2 ba1,306 sqft$360/ft²
House2.99 acres
Molly Auman · Russ Lyon Sotheby's International Realty
View photos & details
$674,950
940 Santa Fe Cir
Prescott, AZ 86305
4 bd2 ba2,239 sqft$301/ft²
House8,712 sqft lot
Shawn Bellamak Realty
View photos & details
New Build
$716,712
3251 Iron King Cir
Prescott, AZ 86301
2 bd2 ba1,785 sqft$402/ft²
House8,276 sqft lot
RICHMOND AMERICAN HOMES OF ARIZONA, INC.
View photos & details
New Listing
48
$949,900
5550 W Cameo Cir
Prescott, AZ 86305
3 bd3 ba2,776 sqft$342/ft²
House2.49 acres
Coldwell Banker Northland
View photos & details
New Listing
51
$985,000
2615 N Woodland Hills Dr
Prescott, AZ 86305
4 bd3 ba3,462 sqft$285/ft²
House1.00 acres
Desert Reflections Realty
View photos & details
New Build
$996,629
5243 Dells Rail Trl
Prescott, AZ 86301
3 bd4 ba2,826 sqft$353/ft²
House10,454 sqft lot
RICHMOND AMERICAN HOMES OF ARIZONA, INC.
View photos & details
New Listing
$1,195,000
4155 W Oatman Flat Cir
Prescott, AZ 86305
3 bd4 ba2,559 sqft$467/ft²
House1.95 acres
eXp Realty
View photos & details
Looking to buy in Prescott?
Get connected with a local real estate expert — free, no obligation.
Active listings
440
Homes on market
Median list price
$685K
Avg. days on market
54
Days until sale
New this week
160
Newly listed
Price drops:32.3%of listings
Sale-to-list:97.8%
How much do homes cost in Prescott by property type?
How the Prescott, AZ market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $699,225 | $328/sq ft | 98 | 51 days |
| Condo / co-op | $343,000 | $262/sq ft | 5 | 75 days |
| Townhouse | $293,750 | $266/sq ft | 6 | 77 days |
Who lives in Prescott?
American Community Survey estimates for Prescott. U.S. Census ACS, 2023
Population
46,744
Households
22,751
Median income
$69,151/yr
Median age
60.3 years
Owner-occupied
68.1%
Median home value
$528,500
Median gross rent
$1,304/mo
Mean commute
16.3 min
68.1% of occupied homes in Prescott are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $528,500 against Zillow's $597,307 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,304/mo, below Zillow's $1,805/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Prescott?
20 schools tracked · 5,523 students
The largest public schools serving Prescott, AZ by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Prescott High School
Grades 8-12 · 1,466 students
BASIS Prescott
Grades K-12 · 599 students
Prescott Mile High Middle School
Grades 6-8 · 546 students
Abia Judd Elementary School
Grades K-5 · 490 students
Granite Mountain Middle School
Grades K-8 · 486 students
Taylor Hicks School
Grades K-5 · 393 students
Lincoln Elementary School
Grades K-5 · 290 students
Tri-City College Prep
Grades 5-12 · 280 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Prescott, AZ?
Ordered by distance from Prescott, not by size. Compare Prescott side by side with any of them.
Which ZIP codes are in Prescott?
These are the ZIP codes we see on active Prescott listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Prescott housing market FAQ
Is Prescott a buyer's or seller's market?
Prescott, AZ is currently a leaning buyer's. That read comes from 4.0 months of supply, homes going under contract in about 54 days, and sellers getting 97.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Prescott?
The typical home in Prescott, AZ is worth $597,307 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $675,000, about $320 per square foot.
Is Prescott cheaper than the rest of Arizona?
Prescott's median sale price of $675,000 is 49% higher than the Arizona statewide median of $453,800, and 64% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Prescott?
Homes in Prescott, AZ spent a median of 54 days on market before going under contract, versus 62 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Prescott?
At the current 30-year fixed rate of 7.03%, 20% down on a $597,307 home is about $3,189 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $136,661 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $69,151.
Are home prices rising in Prescott?
The typical home value in Prescott, AZ fell 1.1% over the last 12 months, from $603,649 to $597,307 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Prescott?
Prescott ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Prescott?
That depends on your timeline, not on a headline. What the data says today: Prescott, AZ is a leaning buyer's with 4.0 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 27.6x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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