Prescott, AZ 86303 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 primary market signal is the median sold price $556,000, which represents the most reliable indicator of realized value and recent transaction activity in the 86303 market; this level suggests sellers are achieving materially below the median listing price $724,950, indicating a notable gap between asking and achieved prices and potential pricing friction. down
2. Despite higher asking points, the market shows slower absorption with a median days on market 69, which may indicate longer negotiation windows and moderate sales velocity; buyers appear to have increased leverage relative to the peak frenzy.
3. Inventory context in the analyzed sample points to relatively constrained active supply, which—combined with the median price per square foot 338—suggests price sensitivity at the margin and localized segmentation where condition and location will drive premium pricing. neutral
4. Elevated financing pressure is a material headwind: the local property rate comparison shows 7.19% for current 30‑year fixed rates in Prescott, and interest rate pressure is reported as elevated, which may suppress buyer affordability and prolong selling timelines while rent trends remain flat.

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.