The First American Title Market Report

Surprise, AZ

Single-Family Homes

Arizona Direct Operations



Surprise, AZ

Mon Oct 19 2020
This week the median list price for Surprise, AZ is $358,000 with the market action index hovering around 77. This is less than last month's market action index of 79. Inventory has held steady at or around 219. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Surprise, AZ

Mon Oct 19 2020
This week the median list price for Surprise, AZ is $358,000 with the market action index hovering around 77. This is less than last month's market action index of 79. Inventory has held steady at or around 219. 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.

Strong Seller's Market

The market has started cooling and prices have recently plateaued. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $358,000
Per Square Foot $190
Days on Market 46
Price Decreased 27%
Price Increased 11%
Relisted 5%
Inventory 219
Median Rent $1,800
Most Expensive $3,500,000
Least Expensive $147,900
Market Action 77
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

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
$585,048 2,614 0.25 - 0.5 acre 3 2 16 13 14 77
$389,000 2,300 8,000 - 10,000 sqft 3 2 15 17 17 39
$337,990 1,861 0 - 4,500 sqft 3 2 16 17 14 32
$275,000 1,408 0 - 4,500 sqft 3 2 19 20 23 32