Prescott, WI—54021

As of Aug '25, the median home price in Prescott, WI is $398,000, with a year-over-year change of 2.0%. This indicates that home prices in Prescott, WI are increasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Prescott, WI is 38. This is an decrease of -12.0% from last year. This indicates that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 21.0%. This is a small percentage of inventory, suggesting little supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Prescott, WI in that year was 179. 93.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 51.0%. Of those, 15.0% were >90% loan to value. This is considered elevated, suggesting that mortgage risk is medium in Prescott, WI. Investor activity in Prescott, WI is low, as 2.0% of all loans are originated by investors. In 2023, 8.0% of all loans were cash-out refinances, suggesting few homeowners are actively tapping their home's equity.