Lawyers Title Market Report

Surprise, AZ

Single-Family Homes

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Surprise, AZ

Mon Jun 21 2021
This week the median list price for Surprise, AZ is $435,000 with the market action index hovering around 99. This is about the same as last month's market action index of 99. Inventory has increased to 145. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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

Mon Jun 21 2021
This week the median list price for Surprise, AZ is $435,000 with the market action index hovering around 99. This is about the same as last month's market action index of 99. Inventory has increased to 145. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. 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 $435,000
Median Price of New Listings $409,999
Per Square Foot $200
Average Days on Market 24
Median Days on Market 0
Price Decreased 14%
Price Increased 10%
Relisted 4%
Inventory 145
Median Rent $2,095
Market Action 99
Strong Seller's Market

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$649,999 3,093 0.25 - 0.5 acre 4 3 15 11 7 42
$499,900 2,691 6,500 - 8,000 sqft 4 2 16 26 11 0
$407,499 2,071 4,500 - 6,500 sqft 3 2 17 24 12 0
$355,000 1,602 4,500 - 6,500 sqft 3 2 19 31 22 0