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Is Prescott, AR 71857 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Prescott is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.4Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list88.1%Sold price ÷ list price
Median days on market63Listing to accepted offer
Median price per sq ft$52▼ −29.3% vs. last year

The Prescott housing market right now

In the three months ending August 31, 2026, 0% of homes in Prescott, AR 71857 sold above their list price, the typical home went under contract in 63 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (86 days then) and the median sale price fell 40% to $65,971. Overall, Prescott is more competitive than a year ago, so tougher for buyers.

Run the numbers for 71857

Prefilled for 71857Can I win this house?Multiple-offer likelihood for a listing Prefilled for 71857Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Emmet 71835 — /sq ftRosston 71858 — /sq ft Browse all markets →

Towns like Prescott nearby

Find towns like Prescott in other states →
Hope, AR71801 · 16 miles away88% similarlarger Mineral Springs, AR71851 · 32 miles away78% similarpricier homes ($29K more) · smaller Camden, AR71701 · 33 miles away77% similarpricier homes ($27K more) · larger Magnolia, AR71753 · 38 miles away71% similarpricier homes ($82K more) · larger

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 6.4 months of supply in Prescott, AR 71857 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 63 days in the latest three months.

Do homes in Prescott sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 88.1% of the list price.

What are property taxes in Prescott?

About 0.52% of a home’s value a year in Nevada County, or roughly $2,080 on a $400,000 home.

What is the median home price in Prescott?

The median sale price was $65,971 in the three months ending August 31, 2026, about $52 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