Prescott Home Prices & Values

No data Zillow Home Value Index

  • No data1-year change
  • No data 1-year forecast

The median price of homes currently listed in Prescott is $239,900 while the median price of homes that sold is $179,900.

Foreclosures will be a factor impacting home values in the next several years. In Prescott 3.2 homes are foreclosed (per 10,000). This is lower than the Minneapolis-St Paul Metro value of 3.3 and also lower than the national value of 4.3

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 4.1%, which is lower than the national value of 6.9%. 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 16.9%, which is lower than Minneapolis-St Paul Metro at 17.9%.

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Relative ZHVI
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Prescott Market Overview

Data through Aug 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $239,900 Median listing price
  • No recent data Median sale price
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Prescott Market Health

Data through Aug 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 16.9% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 4.1% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

3.2 homes(Mar 31, 2013) Prescott
3.3 homes Minneapolis-St Paul Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Afton $393,200 Woodbury $277,400 North Hudson $231,300
Lakeland $226,000 Cottage Grove $212,900 Hudson $205,900
Bayport $187,800 Hastings $174,400 Lake Saint Croix Beach $161,400

Listings & Sales

Data through Aug 31, 2014
  • $159 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 53.0% Listings with price cut
29.7%
Sold below listing
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Prescott Rentals

Data through Aug 31, 2014
Zillow Rent Index What's This?
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$1,288 Prescott
$1,515 Minneapolis-St Paul Metro
$1,328 United States
  • No data Breakeven horizon
  • No data Rent list price
  • No data Rent list price / sq ft
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