Real Estate Market Update for Prescott, AZ
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was up 18% from one year earlier, and down 6% from the previous month. Even so, buyers still enjoyed a greater selection of homes today than they did one year ago. As you can see, the median listing price for the month was just under 520-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 4%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 310-thousand dollars. The number of units sold increased 38% year-over-year, and increased 29% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. 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 Prescott, AZ
Area Information for Prescott, AZ
  • Population: 40,495
  • Median Age: 52.88 yr
  • Median Commute Time: 13.12 mins
  • Educational Climate*: 4
  • Sales Tax: 6.35%
  • Population Density: 980/sq mi
  • Population Change Since 2000: 16.96%
  • Closest Airport: Flagstaff Pulliam
  • Closest College: Embry-riddle Aeronautical Univ-prescott
  • Closest Jr. College: Yavapai College-verde Valley Campus
  • Median Household Income: $44,631
  • Annual Residential Turnover: 20.85%
  • Median Years in Residence: 2.8 yr
  • Median Home Sales Price: $215,950
  • Closest Major Sports Team: Phoenix Coyotes
  • Change Avg. Household Income Since 2000: 28%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Prescott, AZ
Median Age: 52.88 Married: 38% Number of Households: 19,044 Households with Children: 3,074
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Prescott, AZ

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Granite Mountain Middle School 10.5 mi Public 6-8 4-5 4
      Abia Judd Elementary School 10.6 mi Public K-5 5 4
      Willow Creek Charter School 11.0 mi Public K-8 2-5 4
      Prescott Adventist Christian School 11.2 mi Private PRESCHOOL-8 0 0
      Mountain Oak Charter School 11.5 mi Public PRESCHOOL-8 2-5 5
      Taylor Hicks School 11.7 mi Public K-5 4 5
      Trinity Christian School 11.9 mi Private K-12 0 5
      Miller Valley School 11.9 mi Public K-5 2 4
      Prescott High School 12.0 mi Public 9-12 4 2
      St Luke's School 12.3 mi Private PRESCHOOL-K 0 0
      Northpoint Expeditionary Learning Academy 12.7 mi Public 9-12 2-5 4
      Prelude Preschool Handicapped 12.7 mi Public PRESCHOOL-PRESCHOOL 0 0
      Primavera School 12.8 mi Private PRESCHOOL-5 0 4
      Lincoln Elementary School 12.9 mi Public K-5 3-5 4
      Sacred Heart School 12.9 mi Catholic PRESCHOOL-8 0 4
      Prescott Mile High Middle School 13.3 mi Public 6-8 4 4
      Christian Academy Of Prescott 13.3 mi Private PRESCHOOL-8 0 4
      Washington Traditional School 13.4 mi Public K-5 3 4
      Kestrel High School 13.4 mi Public 9-12 1 4
      La Tierra Community School 13.4 mi Public - 0 0
      Aspire Junior/senior High School 13.7 mi Public 7-12 0 0
      Skyview School 13.8 mi Public PRESCHOOL-8 4 4
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for Prescott, AZ
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.