Prescott, AZ 86301 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market value indicator is the median sold price of 589,900, which represents the most reliable signal of recent transaction activity and should guide valuation decisions rather than asking prices.
2. There is a meaningful spread between the median listing price of 699,450 and the median sold price of 589,900, which may indicate seller pricing optimism relative to completed transactions and suggests pricing friction that negotiators can exploit.
3. Market velocity appears slower based on the median days on market of 61, which suggests longer marketing periods and moderate liquidity; sellers should prioritize condition and realistic pricing to avoid extended time on market.
4. Market context is broadly balanced: price year-over-year trend is flat and market temperature is neutral, while interest rate pressure is described as moderate; investors and buyers should factor in a median price per square foot of 307 and median market rent of 1,915 when assessing hold vs. buy decisions, using the median sold price as the transaction benchmark.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.