Pango Group

Surprise, AZ

Single-Family Homes

www.pangogroup.com



Surprise, AZ

Sun Mar 03 2024
This week the median list price for Surprise, AZ is $489,900 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 633. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Surprise, AZ

Sun Mar 03 2024
This week the median list price for Surprise, AZ is $489,900 with the market action index hovering around 37. This is about the same as last month's market action index of 37. Inventory has increased to 633. 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $489,900
Median Price of New Listings $465,000
Per Square Foot $247
Average Days on Market 72
Median Days on Market 42
Price Decreased 46%
Price Increased 6%
Relisted 6%
Inventory 633
Median Rent
Market Action 37
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
$699,995 2,676 8,000 - 10,000 sqft 3 3 6 14 15 42
$539,918 2,286 6,500 - 8,000 sqft 3 3 19 24 17 63
$450,000 1,951 6,500 - 8,000 sqft 3 2 20 38 20 31
$390,000 1,552 4,500 - 6,500 sqft 3 2 23 27 26 35