Security Title Weekly Report

Surprise, AZ

Single-Family Homes

Weekly Report



Surprise, AZ

Fri Mar 29 2024
This week the median list price for Surprise, AZ is $489,990 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 713. 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

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

Fri Mar 29 2024
This week the median list price for Surprise, AZ is $489,990 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 713. 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

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 $489,990
Median Price of New Listings $480,000
Per Square Foot $245
Average Days on Market 65
Median Days on Market 35
Price Decreased 48%
Price Increased 10%
Relisted 5%
Inventory 713
Median Rent
Market Action 38
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change 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
$679,000 2,583 8,000 - 10,000 sqft 3 3 4 18 13 42
$539,000 2,358 6,500 - 8,000 sqft 3 3 14 19 18 28
$451,245 1,967 6,500 - 8,000 sqft 3 2 19 18 26 28
$389,000 1,530 4,500 - 6,500 sqft 3 2 22 20 38 28