First Integrity Title Market Report

Surprise, AZ

Single-Family Homes

www.FirstIntegrityTitle.com | 888-636-0372



Surprise, AZ

Fri Apr 12 2024
This week the median list price for Surprise, AZ is $484,995 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has increased to 767. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Surprise, AZ

Fri Apr 12 2024
This week the median list price for Surprise, AZ is $484,995 with the market action index hovering around 39. This is an increase over last month's market action index of 38. Inventory has increased to 767. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $484,995
Median Price of New Listings $459,900
Per Square Foot $245
Average Days on Market 64
Median Days on Market 35
Price Decreased 50%
Price Increased 12%
Relisted 4%
Inventory 767
Median Rent
Market Action 39
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
$668,900 2,585 8,000 - 10,000 sqft 3 3 4 21 18 49
$529,900 2,298 6,500 - 8,000 sqft 3 3 9 20 14 35
$450,000 1,932 6,500 - 8,000 sqft 3 2 18 27 19 28
$390,000 1,546 4,500 - 6,500 sqft 3 2 21 29 27 28