First Arizona Title's Market Report

Surprise, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Surprise, AZ

Thu Jan 28 2021
This week the median list price for Surprise, AZ is $395,000 with the market action index hovering around 79. This is an increase over last month's market action index of 73. Inventory has held steady at or around 107. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Surprise, AZ

Thu Jan 28 2021
This week the median list price for Surprise, AZ is $395,000 with the market action index hovering around 79. This is an increase over last month's market action index of 73. Inventory has held steady at or around 107. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $395,000
Per Square Foot $204
Days on Market 59
Price Decreased 18%
Price Increased 8%
Relisted 6%
Inventory 107
Median Rent $1,915
Most Expensive $1,300,000
Least Expensive $147,900
Market Action 79
Strong Seller's Market

Prices appear to be hovering around their high point. Look for a persistent down-shift 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
$649,950 2,777 0.25 - 0.5 acre 3 2 17 2 4 70
$444,995 2,285 6,500 - 8,000 sqft 3 2 17 8 7 76
$349,500 1,886 6,500 - 8,000 sqft 3 2 17 16 20 56
$295,000 1,414 4,500 - 6,500 sqft 3 2 19 17 16 34