prescott real estate - craigslist (2024)

FAQs

Why are so many homes for sale in Prescott, AZ? ›

Why are so many homes for sale in Prescott, AZ? The strong seller's market in Prescott is due to the low inventory of houses for sale, reasonable mortgage rates, and the charm that the place holds for people from nearby states – including California.

Based on all homes sold in the last 12 months. Homes in Prescott have sold for 2.1% less than they did a year ago. Summary: The median home sold price in Prescott was $632,933 in July 2024, down 2.1% from last year, and the median price per square foot was $324.

The steady influx of monied Californians is driving Prescott's real estate prices sky high. Lots in town that sold for $20,000 a few years ago are now snapped up at $40,000. Exclusive subdivisions with gated entrances are popping up, "offering" prime building sites for $100,000 and more.

Enjoy year-round hiking, mountain biking, fishing, golf, kayaking, rock climbing, and more. Rich in history and also known as the “antique capital of Arizona,” Prescott offers a variety of attractions for all ages and interests.

What is the median home price in Prescott? The median home price in Prescott is $457,500 with a median price per sqft of $259. The cost of living index for housing estimates the cost of housing in Prescott to be 142.8% of the national average. This makes it one of the more expensive cities in the US.

Home prices will continue to increase in Arizona.

The data indicates that there will be a steady growth in home prices, which aligns with the overall health of the housing market. Here are some of the up-and-coming neighborhoods in Arizona real estate to watch in 2024 and beyond.

Poverty & Diversity

11.3% of the population for whom poverty status is determined in Prescott, AZ (5.01k out of 44.2k people) live below the poverty line, a number that is lower than the national average of 12.5%.

Prescott is known as one of the Top 5 Western Towns in the United States. Legendary figures like Wyatt Earp, Virgil Earp (who was a lawman here) and Doc Holliday lived Prescott for a portion of their lives here.

What percent of Prescott is white? ›

The only thing richer than Prescott's lush trails is its history, so guests won't want to let their trip go by without visiting one (or more!) of the city's history and art museums overflowing with awe-inspiring artifacts and masterpieces.

White: 89.21% Two or more races: 4.25% Other race: 3.23% Asian: 1.9%

Prescott is known for its quaint downtown and abundance of outdoor recreation. Prescott is a charming mountain town that provides a great lifestyle for active adults. With its stunning scenery, mild weather, and abundance of outdoor recreation, active adults can enjoy the best that Northern Arizona has to offer.

Home prices are not dropping in 2024; in fact, they have increased. In May 2024, home prices in Arizona rose by 3.6% year over year, reaching a median price of $451,500. This trend indicates a continued appreciation in home values rather than a decline.