Lawyers Title Market Report

Surprise, AZ

Single-Family Homes

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Surprise, AZ

Tue May 26 2020
This week the median list price for Surprise, AZ is $325,000 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has held steady at or around 426. 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 been flat for several weeks. 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

Tue May 26 2020
This week the median list price for Surprise, AZ is $325,000 with the market action index hovering around 54. This is less than last month's market action index of 55. Inventory has held steady at or around 426. 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 been flat for several weeks. 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 $325,000
Per Square Foot $165
Days on Market 59
Price Decreased 40%
Price Increased 11%
Relisted 4%
Inventory 426
Median Rent $1,600
Most Expensive $3,500,000
Least Expensive $110,000
Market Action 54
Strong Seller's Market

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
$449,450 2,507 8,000 - 10,000 sqft 3 2 16 10 9 91
$348,745 2,272 0 - 4,500 sqft 4 2 8 18 21 58
$299,900 1,810 0 - 4,500 sqft 3 2 15 13 24 52
$260,000 1,571 0 - 4,500 sqft 3 2 17 28 37 35