First Integrity Title Market Report

Surprise, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Surprise, AZ

Mon Dec 11 2023
This week the median list price for Surprise, AZ is $258,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 31. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Surprise, AZ

Mon Dec 11 2023
This week the median list price for Surprise, AZ is $258,000 with the market action index hovering around 37. This is less than last month's market action index of 38. Inventory has decreased to 31. 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 has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $258,000
Median Price of New Listings $289,000
Per Square Foot $292
Average Days on Market 75
Median Days on Market 49
Price Decreased 42%
Price Increased 0%
Relisted 6%
Inventory 31
Median Rent
Market Action 37
Slight Seller's Advantage

Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high levels. 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
$389,990 1,425 0 - 4,500 sqft 2 2 0 1 2 28
$289,950 980 0 - 4,500 sqft 2 2 25 1 0 52
$248,250 844 0 - 4,500 sqft 1 1 25 0 1 59
$203,725 836 0 - 4,500 sqft 1 1 25 1 1 45