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Prescott, AZHousing Market

Prescott is a buyer's market right now. Homes are sitting on the market for 91 days on average. With 6.3 months of supply, there's less pressure to rush and more room to negotiate on price and terms.

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Written By Aditya APopular Writer
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Reviewed By Deepika RHousing Market Analyst
Prescott, AZ Housing Market Forecast 2026AI-powered forecast for prices, inventory & market trends
Verified Data
Updated Monthly
Fast Insights
Real-time Analytics
October 2026
Last updated
Live MLS Data 2,216 active homes tracked
Data Sources:
Prescott AOR MLS-AZ
Prescott, AZ Real Estate Market Snapshot
MEDIAN HOME PRICE
$658,000↑ 7.87%
MORTGAGE RATES 30-YR
7.18%↓ 0.06%
Buyer's Market
DAYS ON MARKET
91
↑ 19.74% YoY
INVENTORY
555
↑ 38.75% YoY
Overview icon Overview
Predictions icon Predictions
Supply icon Supply
Demand icon Demand

Is Now a Good Time to Buy in Prescott? Here's What We Think

Now is a smart time to buy in Prescott. The median sale price sits at $658,000, a 7.87% change from last year, with home sales seeing a 13.64% change over the same stretch. Use these numbers to figure out how much leverage you actually have at the table.
Median Sale PriceHomes SoldMedian Days on Market
Median Sale Price
$658,000
↑ 7.87%YoY
What this chart showsMedian Sale Price
This metric shows how home prices are trending in Prescott. The median sale price is currently $658,000, a 7.87% change from last year. A rising median price can point to stronger demand or limited inventory, while a falling price may give buyers more room to negotiate.

Median Sale Price Trend

AllSingle Family HomesTownhousesCondo
1 Year3 Years5 Years

Prescott
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Updated MonthlyLast Updated: October 2026

Prescott Housing Market Forecast for 2026

Prescott's housing market is expected to keep favoring buyers in 2026, with modest price growth, rising inventory, and homes taking longer to sell.

Market Outlook:

  • Home prices expected to rise modestly by 2-4%, reflecting cooling demand
  • Months of supply forecast to hold near 4-6, giving buyers more choice
  • Homes being on the market longer gives buyers added leverage to negotiate price and terms

Will the Prescott Housing Market Crash in 2026?

Expert consensus points to no. Prescott is seeing steady demand with no signs of distressed selling. The market is simply rebalancing after a period of tight inventory, not heading toward a downturn. Buyers can expect more negotiating room and a wider selection through 2026.
UnlikelyCrash MeterLikely

Current Market Indicators

  • Days on Market:

    91 days

  • Months of Supply:

    6.3 months

  • Sale-to-List Ratio:

    97.41%

  • Mortgage Rates:

    Currently- 7.18% projected to hover between 6.0% and 6.8%

Is There Enough Inventory in Prescott Right Now?

Yes, buyers have plenty of options in Prescott right now. The market has 555 active listings and 6.3 months of supply, giving buyers more choice and negotiating power. There were 451 new listings last month, while inventory changed by 38.75% year-over-year.
Homes for SaleNewly Listed HomesMonths of Supply
Homes for Sale
555
↑ 38.75%YoY
What this chart showsHomes for Sale
This chart shows the total number of homes currently available for sale in Prescott. There are currently 555 active listings. Rising inventory gives buyers more options, while fewer homes for sale can increase competition and give sellers more leverage.

Homes for Sale Trend

AllSingle Family HomesTownhousesCondo
1 Year3 Years5 Years

Prescott
location pin
Updated MonthlyLast Updated: October 2026

Are Buyers or Sellers Controlling the Prescott Market?

Buyers currently have the upper hand in the Prescott housing market. Homes are selling for 97.41% of their asking price, and price reductions saw a 6.01% change year-over-year. Frequent price cuts give buyers more room to negotiate and put pressure on sellers to compete.
Homes Sold Above List PriceHomes with Price DropsSale-to-List Ratio
Homes Sold Above List Price
8.27%
↓ 12.21%YoY
What this chart showsSold Above List
The line tracks the share of homes in Prescott selling above their asking price over time. Currently, 8.27% of homes sold above asking last month. A rising trend signals strong buyer competition and bidding wars, while a falling trend suggests that competition is easing.

Homes Sold Above List Price Trend

AllSingle Family HomesTownhousesCondo
1 Year3 Years5 Years

Prescott
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Updated MonthlyLast Updated: October 2026

Find Your Perfect Prescott Home Now

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Frequently Asked Questions

How have Prescott house prices changed over the past year?

What are Prescott real estate market predictions for 2026?

What's the average home price in Prescott?

What is a good time to buy a home in Prescott?

When will the Prescott housing market crash?

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What is the average mortgage rate for buyers in Prescott?

What is a good time to sell a house in Prescott?

Our MLS data sources

All sources updated daily

Median prices, rents and active inventory aggregated from MLS systems across Arizona.

Prescott AOR MLS-AZ
Prescott AOR MLS-AZ
Arizona Regional Multiple Listing Service-AZ
Arizona Regional Multiple Listing Service-AZ

Important Legal Disclosures

*Based on Houzeo calculations of home data from MLS and/or public records.

“The market analysis provided on this page is for informational purposes only and does not constitute financial, investment, or legal advice. Data is sourced from public records, industry reports, and third-party providers, and while Houzeo strives for accuracy, we make no guarantees regarding the completeness, accuracy, or timeliness of the information presented.

All estimates, projections, and historical data are based on statistical models and should not be relied upon as predictions of future market conditions. Past performance is not indicative of future results, and real estate market conditions may change due to various economic and regulatory factors.
Users are responsible for conducting their own due diligence before making any real estate or financial decisions. Houzeo is not liable for any decisions or actions taken based on the information provided. Any unauthorized use, duplication, or distribution of the data may violate copyright laws and result in legal consequences. Certain information, tools and services on this page may be powered by third-party vendors. Houzeo does not control or guarantee the accuracy, reliability, or functionality of such third-party services.

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Based on information from the Prescott Area Association of REALTORS® (alternatively, from the PAAR MLS) through Nov 13, 2026, 4:01 PM as submitted to and distributed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The display of MLS data is deemed reliable but not guaranteed to be accurate by the MLS. Listings on this page identified as belonging to another listing firm are based upon data obtained from the PAAR MLS, which data is copyrighted by the Prescott Area Association of REALTORS® but is not warranted. IDX information is provided exclusively for consumers personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by the Member Participant’s applicable MLS, if any, and as amended from time to time. © 2026 Prescott Area Association of REALTORS® All rights reserved.
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Based on information from the Arizona Regional Multiple Listing Service through Nov 13, 2026, 4:00 PM. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Listing Information presented by local MLS brokerage: Sell Your Home Services, local REALTOR®- Dan Demers (774) 265-0879. Information is provided exclusively for personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.