Lawyers Title Market Report

Surprise, AZ

Single-Family Homes

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Surprise, AZ

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

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 $291,499
Per Square Foot $143
Days on Market 72
Price Decreased 46%
Price Increased 6%
Relisted 4%
Inventory 731
Median House Rent $1,545
Most Expensive $3,250,000
Least Expensive $89,900
Market Action Index
Slight Seller's Advantage
39

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
$399,998 2,586 0.25 - 0.5 acre 3 2 14 19 21 103
$319,950 2,438 6,500 - 8,000 sqft 4 2 14 23 16 74
$270,000 2,032 0 - 4,500 sqft 3 2 14 25 23 56
$229,500 1,515 0 - 4,500 sqft 3 2 17 22 31 56