Lawyers Title Market Report

Surprise, AZ

Single-Family Homes

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Surprise, AZ

Fri Aug 23 2019
This week the median list price for Surprise, AZ is $308,995 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 529. Click here to stay informed with the Surprise market!

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Surprise, AZ

Fri Aug 23 2019
This week the median list price for Surprise, AZ is $308,995 with the market action index hovering around 47. This is about the same as last month's market action index of 47. Inventory has held steady at or around 529. Click here to stay informed with the Surprise market!

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

Strong Seller's Market

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $308,995
Per Square Foot $142
Days on Market 71
Price Decreased 34%
Price Increased 12%
Relisted 4%
Inventory 529
Median House Rent $1,525
Most Expensive $3,250,000
Least Expensive $207,000
Market Action Index
Strong Seller's Market
47

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
$414,495 2,784 0.25 - 0.5 acre 4 2 14 15 15 112
$329,900 2,478 6,500 - 8,000 sqft 4 2 13 15 16 74
$285,000 2,022 0 - 4,500 sqft 3 2 14 23 24 52
$245,000 1,677 0 - 4,500 sqft 3 2 16 40 36 45