Prescott, MI Home Values & Market Trends

Real estate market trends reflect that there have been 0 transactions over the past year in Prescott. The median value for residential home transactions that occurred over the previous year is $107,358.19. The number of current listings in Prescott is 18, and the percentage of properties for sale in the city is 18.00%. Prescott, MI currently has 2 properties in foreclosure, 0 bank owned properties, 2 properties headed for auction, and 18 properties for sale.

Prescott, MI Real Estate Market Overview

ZipMedian Est. Value
48756

$ 101,215

$ 68/sqft

Housing Market Summary for Prescott, MI

Mar 2023February 2024Change
Median Listing Price$97,000$0-100.00%
Median Sold Price$0$0-
Homes For Sale1414-
Homes Sold00-
Price
$/Sqft
Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Recently Sold Homes

Explore recent offers and recently sold homes in Prescott, MI

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Browse Homes in Prescott, MI

Prescott home values range from $20,256 to $970,155. The median estimated value of a home in Prescott is $107,358.19. The median list price of a home is 112,400, and the total count of properties in the city is 3,807.

Foreclosure
There is 1 zips within Prescott, MI; within this zips, the median estimated home value for homes in foreclosure ranges from $119,058 in 48756 to the lowest value of $42,715 in 48756. Foreclosure homes account for 0.00% of properties in Prescott, MI with 48756 containing 2 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Prescott, MI with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There is 1 zips within Prescott, MI; of that zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Prescott, MI ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in Prescott, MI. There is 1 zips within Prescott, MI; N/A containing 0 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    48756 has 2 auction properties, the highest number of properties going to auction in a single zip in the state of Prescott, MI. Auction homes and other auction properties account for 0.05% of all properties in Prescott, MI. There is 1 zips within Prescott, MI; of that zips, the median estimated home value for homes going to auction ranges from $119,058 in 48756 to the lowest value of $42,715 in 48756.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.47% of residential properties in Prescott, MI with 48756 containing 18 homes for sale, the highest number of listed properties in a single zip. There is 1 zips within Prescott, MI; homes for sale in that zips, have a range of median values from $536,168 in 48756 to the lowest value of $46,414 in 48756.
    Sold Homes
    The median value for recently sold homes ranges from $0 in $[recently-sold-highest-avm-region] to the lowest price of $0 in $[recently-sold-highest-avm-region]. There is 1 zips within Prescott, MI. $[recently-sold-highest-count-region] has 0 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 0% of properties in Prescott, MI.

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      Guide for Prescott, MI

      RealtyTrac Market Report
      Michigan
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan
      Detroit Real Estate Market Holds Steady: 2023 in Review
      Investment Guides
      Why Buying a Foreclosure is a Smart Move
      Home Buying Financing
      How To Get House Mortgage With Low Credit Score
      See More Articles
      RealtyTrac Market Report
      2023 Michigan Real Estate Market: Analysis Reveals Booming Property Values and Volatile Sold Prices
      Michigan|posted 8 December 2023

      Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.

      Detroit Real Estate Market Holds Steady: 2023 in Review
      Michigan|posted 25 January 2024

      The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.

      Why Buying a Foreclosure is a Smart Move
      Investment Guides|posted 15 November 2017

      Why Buying a Foreclosure is a Smart Move

      How To Get House Mortgage With Low Credit Score
      Home Buying Financing|posted 22 March 2024

      Learn how to secure a house mortgage even with a low credit score.

      Recently Listed Homes Prescott, MI

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