Your Arizona Market Report

Surprise, AZ

Single-Family Homes



Surprise, AZ

Fri Mar 05 2021
This week the median list price for Surprise, AZ is $425,000 with the market action index hovering around 90. This is an increase over last month's market action index of 84. Inventory has held steady at or around 91. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Surprise, AZ

Fri Mar 05 2021
This week the median list price for Surprise, AZ is $425,000 with the market action index hovering around 90. This is an increase over last month's market action index of 84. Inventory has held steady at or around 91. 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 continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $425,000
Per Square Foot $204
Days on Market 7
Price Decreased 18%
Price Increased 12%
Relisted 5%
Inventory 91
Median Rent $1,950
Most Expensive $1,300,000
Least Expensive $125,000
Market Action 90
Strong Seller's Market

Prices hit another all time high this week. Given current conditions, prices continue to march higher. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.

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
$664,545 2,969 0.25 - 0.5 acre 3 3 15 4 6 38
$468,990 2,471 8,000 - 10,000 sqft 3 2 14 9 8 7
$399,900 2,035 6,500 - 8,000 sqft 3 2 17 13 16 7
$325,000 1,590 4,500 - 6,500 sqft 3 2 19 14 19 0