Your Arizona Market Report

Surprise, AZ

Single-Family Homes



Surprise, AZ

Thu Sep 24 2020
This week the median list price for Surprise, AZ is $355,995 with the market action index hovering around 78. This is about the same as last month's market action index of 78. Inventory has held steady at or around 214. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Surprise, AZ

Thu Sep 24 2020
This week the median list price for Surprise, AZ is $355,995 with the market action index hovering around 78. This is about the same as last month's market action index of 78. Inventory has held steady at or around 214. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $355,995
Per Square Foot $186
Days on Market 49
Price Decreased 29%
Price Increased 12%
Relisted 4%
Inventory 214
Median Rent $1,800
Most Expensive $3,500,000
Least Expensive $147,900
Market Action 78
Strong Seller's Market

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
$552,000 2,559 0.25 - 0.5 acre 3 2 16 12 13 91
$379,900 2,313 8,000 - 10,000 sqft 3 2 15 24 13 33
$324,995 1,796 0 - 4,500 sqft 3 2 15 15 18 39
$279,450 1,435 0 - 4,500 sqft 3 2 18 15 19 32