Fri Feb 28 2020
This week the median list price for Surprise, AZ is $345,500 with the market action index hovering around 52. This is an increase over last month's market action index of 49. Inventory has held steady at or around 393.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$345,500|
|Per Square Foot||$163|
|Days on Market||66|
|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.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$483,950||2,601||0.25 - 0.5 acre||3||2||15||14||7||82|
|$369,900||2,345||8,000 - 10,000 sqft||3||2||15||15||15||73|
|$319,945||2,210||0 - 4,500 sqft||3||2||15||21||20||66|
|$268,000||1,667||0 - 4,500 sqft||3||2||18||30||33||43|