July 2025 Market Update for Prescott & The Quad Cities
Beautiful Watson Lake on a summer day in Prescott, Arizona
This summer we’re entering a more balanced market in Prescott, Arizona, offering opportunities for both buyers & sellers.
As we soak up the last days of summer, the real estate market across much of Yavapai County is still humming along.
While some seasons bring a slowdown, current trends show steady activity, from pricing to pace. Whether you’re just keeping an eye on things or starting to think ahead, it’s a great time to stay tuned in and see where our local Prescott Area market is heading next.
The July housing numbers are in, and they paint a picture of a market that’s active, shifting, and full of opportunity.
Here are the Highlights from July 2025
Closed Sales: Up 17.9% year-over-year, from 301 to 355.
Median Sales Price: Essentially flat at $479,000 (just a 0.1% increase).
Pending Sales: Surged 37.5% year-over-year, from 312 to 429.
New Listings: Jumped 18.6% year-over-year, from 430 to 510.
Inventory: Rose to 5.7 months of supply, a 21.3% increase.
Days on Market: Increased to 44 days, up from 40 last year.
Price Per Square Foot: Up slightly, from $287 to $289.
Showings Per Listing: Dipped 5.9%, from 3.4 to 3.2.
Strong Buyer Activity
Closed sales and pending sales both posted double-digit increases. Pending contracts in particular tell the story—up 37.5% compared to last July. Buyers are clearly still moving forward, even as interest rates and affordability challenges persist nationally.
Prices Holding Steady
Despite all that activity, prices are essentially flat. The median home price ticked up by only $250 year-over-year. This suggests sellers can’t push pricing higher without meeting more resistance, even as demand remains solid.
Longer Selling Timeline
Homes are spending a little more time on the market—44 days on average compared to 40 last year. Coupled with fewer showings per listing, this signals that buyers are being selective. Pricing strategy and presentation matter more than ever.
Inventory Expanding
With new listings up nearly 19% and overall supply growing to 5.7 months, buyers are starting to see more options. This shifts the balance toward a more neutral market compared to last year, when tighter inventory meant fewer choices.
The Bottom Line for Buyers & Sellers
For Sellers: The market is still moving—homes are selling, but buyers have more options now. Pricing competitively and presenting your home well are key to attracting offers quickly.
For Buyers: More listings and more inventory mean opportunity. You may not face the bidding wars of years past, and with pending sales strong, now is a smart time to secure a home before fall.
For Investors: With stable pricing and strong buyer activity, rentals and long-term holds remain appealing.
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