Is Prescott, AZ 86304 a buyer’s or seller’s market?
Prescott is a seller’s market. With about 1.6 months of supply and 50% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Prescott housing market right now
In the three months ending August 31, 2026, 50% of homes in Prescott, AZ 86304 sold above their list price, the typical home went under contract in 92 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (55 days then) and the median sale price fell 15% to $397,328. Overall, Prescott is more competitive than a year ago, so tougher for buyers.
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Where Prescott is
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Questions about Prescott real estate
Is Prescott a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Prescott, AZ 86304 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 92 days in the latest three months.
Do homes in Prescott sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.1% of the list price.
What is the median home price in Prescott?
The median sale price was $397,328 in the three months ending August 31, 2026, about $334 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