Lawyers Title Market Report

Surprise, AZ

Single-Family Homes

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Surprise, AZ

Tue Aug 11 2020
This week the median list price for Surprise, AZ is $350,000 with the market action index hovering around 72. This is an increase over last month's market action index of 65. Inventory has held steady at or around 206. 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

Tue Aug 11 2020
This week the median list price for Surprise, AZ is $350,000 with the market action index hovering around 72. This is an increase over last month's market action index of 65. Inventory has held steady at or around 206. 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 $350,000
Per Square Foot $182
Days on Market 60
Price Decreased 33%
Price Increased 15%
Relisted 4%
Inventory 206
Median Rent $1,697
Most Expensive $3,500,000
Least Expensive $189,000
Market Action 72
Strong Seller's Market

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
$499,900 2,559 8,000 - 10,000 sqft 3 2 16 6 8 96
$379,900 2,271 8,000 - 10,000 sqft 3 2 15 13 17 45
$325,000 1,908 0 - 4,500 sqft 3 2 16 24 23 66
$275,000 1,504 0 - 4,500 sqft 3 2 18 21 25 32