Lawyers Title Market Report

Surprise, AZ

Single-Family Homes

Lawyers Title Arizona | www.LawyersTitleArizona.com | 602.257.2600



Surprise, AZ

Wed Nov 13 2019
This week the median list price for Surprise, AZ is $319,850 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has held steady at or around 482. 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

Wed Nov 13 2019
This week the median list price for Surprise, AZ is $319,850 with the market action index hovering around 52. This is an increase over last month's market action index of 51. Inventory has held steady at or around 482. 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 $319,850
Per Square Foot $148
Days on Market 64
Price Decreased 40%
Price Increased 11%
Relisted 5%
Inventory 482
Median House Rent $1,500
Most Expensive $3,250,000
Least Expensive $168,200
Market Action Index
Strong Seller's Market
52

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
$436,750 2,775 0.25 - 0.5 acre 3 2 15 8 10 87
$345,000 2,393 8,000 - 10,000 sqft 4 2 14 22 8 74
$299,900 2,137 0 - 4,500 sqft 4 2 14 24 16 47
$259,900 1,697 0 - 4,500 sqft 3 2 15 36 27 47