Housing
As of August 2024, the Prescott housing market is showing some interesting trends. The average home value in Prescott is approximately $606,978, reflecting a 3.3% increase over the past year1. Homes typically go pending in around 26 days, indicating a relatively brisk market1. The median sale price is about $565,000, while the median list price is slightly higher at $603,700.
In terms of rentals, the median rent for single-family homes in Prescott is $2,495. The rental market has seen a slight decline, with a $5 decrease month-over-month and year-over-year. Homes for rent typically stay in the market for an average of 86 days, with 78 rentals currently available. Overall, Prescott’s housing market remains somewhat competitive, with homes receiving multiple offers and selling relatively quickly.
Discover the community
Overview
Prescott is a city rich in history and natural beauty, located in the central highlands of the state. Known as “Everybody’s Hometown,” Prescott was once the capital of the Arizona Territory and retains much of its historic charm. The city’s downtown area is home to the famous Whiskey Row, a block of historic saloons that have been restored to their former glory, offering a glimpse into the Old West. Prescott also boasts a vibrant arts scene, with numerous galleries, theaters, and cultural events throughout the year. The Sharlot Hall Museum and the Smoki Museum provide fascinating insights into the region’s history and Native American heritage.
Surrounded by the Prescott National Forest, the city is a haven for outdoor enthusiasts. The forest’s extensive network of trails is perfect for hiking, mountain biking, and horseback riding, while its lakes and streams offer opportunities for fishing and kayaking. Prescott’s mild climate, with four distinct seasons, makes it an ideal destination for year-round recreation. The city is also home to the “World’s Oldest Rodeo,” held annually since 1888, which celebrates its deep-rooted cowboy culture. With its friendly community, scenic landscapes, and rich cultural heritage, Prescott is a delightful place to visit or call home.
Lifestyle
Prescott, Arizona, offers a vibrant and diverse lifestyle that caters to a wide range of interests and preferences. Nestled in the central highlands, Prescott is surrounded by the stunning landscapes of the Prescott National Forest, making it a haven for outdoor enthusiasts. Residents and visitors can enjoy activities such as hiking, mountain biking, and horseback riding on the extensive network of trails. The area also boasts several lakes, including Watson Lake and Lynx Lake, which are perfect for fishing, kayaking, and picnicking. Golfers can take advantage of the numerous golf courses in and around the city, while those who prefer a more relaxed pace can explore the charming downtown area with its historic Whiskey Row, unique shops, and local breweries.
In addition to its outdoor attractions, Prescott offers a rich cultural scene. The city hosts a variety of events throughout the year, including the “World’s Oldest Rodeo,” arts and crafts fairs, and music festivals. The Sharlot Hall Museum and the Smoki Museum provide insights into the region’s history and Native American heritage. For dining and shopping, Prescott has a diverse array of restaurants, cafes, and boutiques that cater to all tastes. The community is known for its friendly and welcoming atmosphere, making it an ideal place for families, retirees, and anyone looking to enjoy a balanced lifestyle with plenty of amenities and activities.
