Home Values

Prescott Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$290,900

  • 8.8% 1-year change
  • 2.9% 1-year forecast

The median home value in Prescott is $290,900. Prescott home values have gone up 8.8% over the past year and Zillow predicts they will rise 2.9% within the next year. The median list price per square foot in Prescott is $163, which is higher than the Prescott Metro average of $146. The median price of homes currently listed in Prescott is $369,500 while the median price of homes that sold is $245,775. The median rent price in Prescott is $1,300, which is higher than the Prescott Metro median of $1,150.

Foreclosures will be a factor impacting home values in the next several years. In Prescott 2.0 homes are foreclosed (per 10,000). This is lower than the Prescott Metro value of 3.8 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Prescott is 2.1%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Prescott homeowners underwater on their mortgage is 9.8%, which is lower than Prescott Metro at 12.7%.

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Relative ZHVI
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Prescott Market Overview

Data through Dec 31, 2014
  • $290,900 ZHVI
  • 2.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $369,500 Median listing price
  • $245,775 Median sale price
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Prescott Market Health

Data through Dec 31, 2014
  • 8.8/10 Very healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 9.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.1% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

2 homes Prescott
3.8 homes Prescott Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Wickenburg $271,300
Chino Valley $227,100
Clarkdale $226,600
Name Median ZHVI
Dewey-Humboldt $222,000
Paulden $213,600
Prescott Valley $193,700
Name Median ZHVI
Cottonwood $170,100
Kirkland $158,100
Yarnell $98,500

Listings & Sales

Data through Dec 31, 2014
  • $163 Median list price / sq ft
  • $158 Median sale price / sq ft
  • 13.8% Listings with price cut
21.9%
Sold below listing
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Prescott Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,467 Prescott
    $1,290 Prescott Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 2.8 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,300 Rent list price
  • $0.85 Rent list price / sq ft
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