Navi Title Agency

Surprise, AZ

Single-Family Homes

Here is your weekly Market Update!



Surprise, AZ

Wed Feb 21 2024
This week the median list price for Surprise, AZ is $495,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has increased to 608. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Surprise, AZ

Wed Feb 21 2024
This week the median list price for Surprise, AZ is $495,000 with the market action index hovering around 37. This is an increase over last month's market action index of 36. Inventory has increased to 608. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $495,000
Median Price of New Listings $455,495
Per Square Foot $249
Average Days on Market 74
Median Days on Market 42
Price Decreased 47%
Price Increased 6%
Relisted 6%
Inventory 608
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
$705,000 2,680 8,000 - 10,000 sqft 3 3 6 21 7 35
$549,000 2,286 6,500 - 8,000 sqft 3 3 19 11 14 70
$450,000 1,949 6,500 - 8,000 sqft 3 2 20 18 23 28
$388,000 1,526 4,500 - 6,500 sqft 3 2 23 24 17 28