Is Prescott, MI 48756 a buyer’s or seller’s market?
Prescott is a buyer’s market. With about 10.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Prescott housing market right now
In the three months ending August 31, 2026, 20% of homes in Prescott, MI 48756 sold above their list price, the typical home went under contract in 26 days and there were 10.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 10 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 18%, homes sold faster (45 days then) and the median sale price rose 83% to $153,933. Overall, Prescott is more competitive than a year ago, so tougher for buyers.
Within Ogemaw County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 75%.
Nearby, buyers who want less competition could look at South Branch 48761 (0% sold over asking) or Lupton 48635 (5% sold over asking).
Run the numbers for 48756
Nearby markets
Lupton 48635Seller’s market $128 /sq ftRose City 48654Seller’s market $145 /sq ftSouth Branch 48761Seller’s market $182 /sq ftWest Branch 48661Seller’s market $158 /sq ft Browse all markets →Towns like Prescott nearby
Find towns like Prescott in other states →Where Prescott is
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Questions about Prescott real estate
Is Prescott a buyer’s or seller’s market?
A buyer’s market: there were 10.9 months of supply in Prescott, MI 48756 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Prescott?
The typical home went under contract in 26 days in the latest three months.
Do homes in Prescott sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 95.7% of the list price.
What are property taxes in Prescott?
About 0.95% of a home’s value a year in Ogemaw County, or roughly $3,800 on a $400,000 home.
What is the median home price in Prescott?
The median sale price was $153,933 in the three months ending August 31, 2026, about $127 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology