Lawyers Title Market Report

Surprise, AZ

Single-Family Homes

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Surprise, AZ

Wed Oct 24 2018
This week the median list price for Surprise, AZ is $287,682 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 680. 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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Wed Oct 24 2018
This week the median list price for Surprise, AZ is $287,682 with the market action index hovering around 42. This is less than last month's market action index of 43. Inventory has held steady at or around 680. 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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $287,682
Per Square Foot $136
Days on Market 68
Price Decreased 45%
Price Increased 8%
Relisted 5%
Inventory 680
Median House Rent $1,373
Most Expensive $3,250,000
Least Expensive $35,000
Market Action Index
Slight Seller's Advantage
42

The market appears to be 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
$389,990 2,711 0.25 - 0.5 acre 3 2 13 22 13 100
$309,990 2,596 0 - 4,500 sqft 4 2 13 25 17 72
$267,990 2,063 0 - 4,500 sqft 3 2 13 17 23 58
$230,000 1,598 0 - 4,500 sqft 3 2 15 22 31 44