Lawyers Title Market Report

Surprise, AZ

Single-Family Homes

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Surprise, AZ

Wed Dec 11 2019
This week the median list price for Surprise, AZ is $319,995 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has held steady at or around 435. 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

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

Wed Dec 11 2019
This week the median list price for Surprise, AZ is $319,995 with the market action index hovering around 52. This is about the same as last month's market action index of 52. Inventory has held steady at or around 435. 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

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 $319,995
Per Square Foot $150
Days on Market 69
Price Decreased 44%
Price Increased 11%
Relisted 4%
Inventory 435
Median Rent $1,500
Most Expensive $2,650,000
Least Expensive $125,000
Market Action 52
Strong Seller's Market

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
$463,309 2,753 0.25 - 0.5 acre 3 2 15 9 12 88
$349,000 2,379 8,000 - 10,000 sqft 4 2 14 10 22 86
$299,900 2,172 0 - 4,500 sqft 4 2 14 9 18 57
$260,000 1,700 0 - 4,500 sqft 3 2 15 22 21 45