Real Estate Market Update for
86301 (Prescott, AZ)
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Welcome to our monthly "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 33% from one year earlier and up 33% from the previous month This recent increase reflected a larger selection of homes for buyers to choose from. As you can see, the median listing price for the month... was just over 340-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 63% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just over 260-thousand dollars. Overall, The number of units sold Decreased 67% year-over-year and Decreased 80% month-over-month Fewer sales may be indicating more opportunity for buyers to negotiate better sales terms. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 86301 (Prescott, AZ)
Area Information for 86301 (Prescott, AZ)
Community Character:Moderate Residential Turnover
Population:20,489
Median Age:44.95 yr
Median Commute Time:13.54 mins
Educational Climate*:5
Recycling Likelihood**:114
Sales Tax:5%
Population Density:520/sq mi
Population Change Since 2000:25%
Closest Airport:Flagstaff Pulliam
Closest College:Embry-riddle Aeron Univ
Closest Jr. College:Yavapai College
Median Household Income:$43,813
Annual Residential Turnover:20.52%
Median Years in Residence:2.88 yr
Median Home Sales Price:$170,000
Closest Major Sports Team:Ari Royals (r)
Change Avg. Household Income Since 2000:21%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for 86301 (Prescott, AZ)
Median Age: 44.95Married: 45%Number of Households: 9,457Households with Children: 1,367
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)