Your Arizona Market Report

Surprise, AZ

Single-Family Homes



Surprise, AZ

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. 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

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. 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 $345,500
Per Square Foot $163
Days on Market 66
Price Decreased 30%
Price Increased 12%
Relisted 5%
Inventory 393
Median Rent $1,565
Most Expensive $925,000
Least Expensive $140,000
Market Action 52
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.

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
$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