Arizona's Most Current Market Reports

Surprise, AZ

Single-Family Homes

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Surprise, AZ

Tue Nov 29 2022
This week the median list price for Surprise, AZ is $460,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has decreased to 679. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Surprise, AZ

Tue Nov 29 2022
This week the median list price for Surprise, AZ is $460,000 with the market action index hovering around 36. This is about the same as last month's market action index of 36. Inventory has decreased to 679. 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

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $460,000
Median Price of New Listings $444,500
Per Square Foot $241
Average Days on Market 69
Median Days on Market 56
Price Decreased 69%
Price Increased 1%
Relisted 6%
Inventory 679
Median Rent
Market Action 36
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$649,000 2,656 8,000 - 10,000 sqft 4 2.5 17 12 9 63
$499,000 2,190 6,500 - 8,000 sqft 3 2.5 17 9 12 70
$431,000 1,891 4,500 - 6,500 sqft 3 2 18 13 10 56
$378,500 1,447 4,500 - 6,500 sqft 3 2 21 16 25 42