Clear Title Agency of Arizona

Surprise, AZ

Single-Family Homes

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Surprise, AZ

Sun Jan 29 2023
This week the median list price for Surprise, AZ is $459,900 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 572. Click here to stay informed with the Surprise market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Surprise, AZ

Sun Jan 29 2023
This week the median list price for Surprise, AZ is $459,900 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 572. Click here to stay informed with the Surprise market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $459,900
Median Price of New Listings $469,950
Per Square Foot $244
Average Days on Market 83
Median Days on Market 70
Price Decreased 60%
Price Increased 4%
Relisted 6%
Inventory 572
Median Rent
Market Action 36
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$629,000 2,568 8,000 - 10,000 sqft 4 2.5 18 25 13 63
$499,000 2,100 6,500 - 8,000 sqft 3 2 19 15 14 77
$429,000 1,870 6,500 - 8,000 sqft 3 2 19 19 20 91
$375,000 1,401 4,500 - 6,500 sqft 3 2 22 17 28 63