First Integrity Title Market Report

Surprise, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Surprise, AZ

Thu May 30 2024
This week the median list price for Surprise, AZ is $282,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased to 42. 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

Thu May 30 2024
This week the median list price for Surprise, AZ is $282,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased to 42. 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 $282,000
Median Price of New Listings $380,000
Per Square Foot $276
Average Days on Market 100
Median Days on Market 60
Price Decreased 55%
Price Increased 2%
Relisted 2%
Inventory 42
Median Rent
Market Action 35
Slight Seller's Advantage

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
$402,492 1,569 0 - 4,500 sqft 2 2 2 2 1 42
$298,850 1,096 0 - 4,500 sqft 2 2 22 0 1 73
$240,000 908 0 - 4,500 sqft 2 2 26 0 3 98
$179,999 604 0 - 4,500 sqft 1 1 37 0 1 49