Market Report for Prescott, Arizona - August 2025
Yavapai County Courthouse Plaza in Prescott, Arizona
If you call Prescott or the Quad Cities home — or hope to soon — here’s your insider look at how our local housing market is evolving across Prescott, Prescott Valley, Chino Valley, and Dewey/Humboldt.
In this August 2025 review, we dig into sales volume, pricing, inventory, and key buyer/seller indicators. Whether you’re a homeowner, investor, or prospective buyer, these trends will help you understand what’s happening in our local housing market.
These numbers show mixed signals — a moderately active market, but with persistent pressures on pricing and inventory.
Here are the Highlights from August 2025
Closed Sales: Up 17.9% year-over-year, from 306 to 343.
Median Sales Price: Sits at $475,000 ( a -1.5% decrease).
Pending Sales: Surged 40.8% year-over-year, from 299 to 421.
New Listings: Decreased -4.9% year-over-year, from 489 to 465.
Inventory: Rose to 5.5 months of supply, a 10% increase.
Days on Market: Increased to 56 days, up from 40 last year.
Price Per Square Foot: Up slightly, from $292 to $297.
Showings Per Listing: Dipped 11%, from 3.6 to 3.2.
Monthly Statistics for Prescott & Surrounding Areas
Sales Volume Is Moderate — Not Booming, Not Slumping
With 343 homes sold in August, the market is active but not frenetic. This is not a market in dramatic contraction, but rather one in modest adjustment. The pace of sales implies that demand persists, though perhaps not at breakneck speed.
Implication: For buyers, the window to find good deals is open, but waiting too long may see competition re-intensify. For sellers, the goal should be a strong listing, compelling presentation, and realistic pricing to stand out.
Prices Are Holding, But Growth Is Cooling
The median sale price of $475,000 is healthy, showing continued demand in Prescott’s market. But compared to past years, the rate of price growth appears to be softening.
For comparison, earlier data in the Quad Cities region (Prescott & Chino Valley, etc.) showed more aggressive upward movement. In 2024, some segments saw year-over-year gains (e.g. modest increases of 3 % in certain areas)
With days on market at 56 days, that’s longer than ultra-hot markets but still reasonable. It suggests homes are staying listed for nearly two months on average — not an extreme “stale listing” scenario, but a signal that buyers are taking more time to decide.
Implication: Sellers should be realistic on pricing and avoid overpricing. Buyers might have more room to negotiate, especially on homes that linger toward the higher end or mid-tier range.
Inventory Remains Elevated, Offering More Choice
One of the standout metrics is the relatively large active inventory of 704 homes. That suggests buyers have more options now than in tighter markets. A higher inventory can ease upward pricing pressure and give buyers more negotiating power — especially in mid- and upper-price tiers.
However, inventory alone doesn’t tell the whole story. The fact that new listings (190) are fewer than total inventory suggests that supply is being replenished gradually, not explosively.
Implication: Buyers may no longer feel rushed by scant supply, but should still act decisively when they find something they like. Sellers should pay attention to pricing and presentation, since buyers have alternatives.
The Bottom Line for Buyers & Sellers
For Buyers:
You have more choices than in tighter markets — walk through homes, compare carefully, don’t rush.
Negotiate smartly, especially on homes with a little age or condition issues.
Monitor inventory trends — if supply begins to shrink, pacing may pick up again.
For Sellers:
Don’t assume you can price aggressively; overpricing may lead to your listing going stale.
Invest in staging, curb appeal, minor updates — make your home stand out amid the 700+ alternatives.
Be responsive to buyer feedback; minor adjustments may unlock a sale.
Thinking of Moving to or from Prescott?
Whether you’re drawn to the four mild seasons, historic charm, or active lifestyle opportunities, there’s no better time to start planning your move. Reach out today to explore the best neighborhoods, housing options, and resources Prescott has to offer—and let’s find the perfect place for your next chapter. Connect with The Middleton Team today.
Mike & Darby - Prescott Area Locals & Real Estate Agents at the Middleton Team