A brief description of the six charts showing home sale trends for Prescott, AZ during the 13 months shown: NOTE, the last bar shows the average of all 13 months. At a glance, you can see if the market trend is above or below the average.
Monthly Real Estate Statistics for Prescott, AZ - May 2023
The real estate market in Prescott, AZ witnessed significant activity in the month of May 2023. Here are the key statistics for the month:
1. Active Listings: There were 403 active listings available on the market in Prescott, AZ during May 2023. These listings represent properties that were actively being marketed for sale during the month.
2. Sold Listings: A total of 131 properties were sold in Prescott, AZ in May 2023. Sold listings refer to properties that successfully closed the sale transaction during the specified period.
3. Median Price: The median price for sold properties in Prescott, AZ during May 2023 was $563,000. This indicates that half of the sold properties had a price below $563,000, while the other half had a price above that figure.
4. Price per Square Foot: The average price per square foot for properties sold in Prescott, AZ during May 2023 was $301.00. This metric provides insight into the cost of housing based on the size of the property.
5. Days on the Market: The average number of days properties spent on the market before being sold in Prescott, AZ during May 2023 was 24. This metric reflects the time it took for properties to attract buyers and successfully complete the sales process.
These statistics indicate a relatively active real estate market in Prescott, AZ during May 2023. With a substantial number of active listings and a healthy number of properties sold, it suggests that there is ongoing demand for properties in the area. The median price and price per square foot figures demonstrate a moderate level of affordability for buyers, while the relatively short days on the market indicate a competitive market where properties are being sold relatively quickly.
Please note that these statistics are based on the available data for the specified period and are subject to change.
Prescott Home Sale Trends for the year 2021: Number of homes sold, 1,989, Median price $529,900, Median price per square feet $267, and Median agent days on the market 10.
Prescott Home Sale Trends for the year 2022: Number of homes sold, 1,623, Median price $595,000, Median price per square feet $313, and Median agent days on the market 16.
Based on information from the Prescott Area Association of Realtors for the dates listed. Information is deemed to be reliable, but not guaranteed.
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