First Integrity Title Market Report

Surprise, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Surprise, AZ

Thu Feb 25 2021
This week the median list price for Surprise, AZ is $140,000 with the market action index hovering around 80. This is less than last month's market action index of 82. Inventory has held steady at or around 6. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Surprise, AZ

Thu Feb 25 2021
This week the median list price for Surprise, AZ is $140,000 with the market action index hovering around 80. This is less than last month's market action index of 82. Inventory has held steady at or around 6. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’ll be looking for a persistent downward trend. If we see a persistent trend, especially if the MAI falls from the Seller’s Market zone to the Buyer’s Market zone, expect downward pressure on prices. There is already some evidence prices moving lower.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $140,000
Per Square Foot $189
Days on Market 0
Price Decreased 0%
Price Increased 0%
Relisted 0%
Inventory 6
Median Rent $1,500
Most Expensive $5,600,000
Least Expensive $99,999
Market Action 80
Strong Seller's Market

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. 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
$5,600,000 31,280 - NaN NaN 34 0 1 42
$170,000 749 - 2 1 30 1 1 0
$140,000 691 0 - 4,500 sqft 1 1 28 1 1 0
$100,499 560 0 - 4,500 sqft 1 1 34 0 1 0