Arizona's Most Current Market Reports

Surprise, AZ

Single-Family Homes

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Surprise, AZ

Mon Jan 24 2022
This week the median list price for Surprise, AZ is $486,000 with the market action index hovering around 82. This is an increase over last month's market action index of 80. Inventory has decreased to 142. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Surprise, AZ

Mon Jan 24 2022
This week the median list price for Surprise, AZ is $486,000 with the market action index hovering around 82. This is an increase over last month's market action index of 80. Inventory has decreased to 142. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $486,000
Median Price of New Listings $426,000
Per Square Foot $240
Average Days on Market 31
Median Days on Market 14
Price Decreased 16%
Price Increased 9%
Relisted 2%
Inventory 142
Median Rent $2,150
Market Action 82
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
$680,000 2,646 0.25 - 0.5 acre 4 3 14 8 13 42
$530,000 2,662 6,500 - 8,000 sqft 4 2.5 17 8 17 28
$452,500 1,961 6,500 - 8,000 sqft 3 2 18 16 26 10
$384,236 1,358 4,500 - 6,500 sqft 3 2 21 25 27 0