Your Localized Market Report

Surprise, AZ

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Surprise, AZ

Sat Jul 20 2024
This week the median list price for Surprise, AZ is $485,130 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 795. 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.

Slight Seller's Advantage

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

Sat Jul 20 2024
This week the median list price for Surprise, AZ is $485,130 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has held steady at or around 795. 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.

Slight Seller's Advantage

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 $485,130
Median Price of New Listings $449,999
Per Square Foot $237
Average Days on Market 73
Median Days on Market 56
Price Decreased 57%
Price Increased 9%
Relisted 5%
Inventory 795
Median Rent
Market Action 37
Slight Seller's Advantage

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
$652,495 2,659 8,000 - 10,000 sqft 4 3 2 20 17 70
$525,000 2,309 6,500 - 8,000 sqft 4 3 6 16 21 49
$449,995 2,011 6,500 - 8,000 sqft 3 2 19 23 16 56
$397,000 1,585 4,500 - 6,500 sqft 3 2 20 28 21 35