Is Desert Oasis at Surprise, AZ a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Desert Oasis at Surprise is a buyer's market

Buyer's
Market

Difference Since October 2023

Since last year, Desert Oasis at Surprise has remained a Buyer's Market.

Key Takeaway

Desert Oasis at Surprise is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Desert Oasis at Surprise, AZ

How much do homes in Desert Oasis at Surprise, AZ cost?

Median Sold Price

$460,161

$221/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$22,121(+5.0%)

Key Takeaway

Homes in Desert Oasis at Surprise have sold for 5% more than they did a year ago.

Summary: The median home sold price in Desert Oasis at Surprise was $460,161 in October 2024, up 5% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $377.1K$409.9K
+8.7%
3 $417.5K$447.4K
+7.2%
4 $440K$460.3K
+4.6%
5+ $536.3K$499.9K
-6.8%

Summary: Desert Oasis at Surprise housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 7.2%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes decreased by 6.8%.

Housing Supply in Desert Oasis at Surprise, AZ

How many homes are available in Desert Oasis at Surprise, AZ?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
101113+11.9%

Summary: The Desert Oasis at Surprise real estate market had 113 homes for sale in October 2024, a 11.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 4544
-2.2%
4 3748
+29.7%
5+ 1921
+10.5%

Summary: The Desert Oasis at Surprise housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 2.2%, 4 bedroom homes increased by 29.7%, and 5+ bedroom homes increased by 10.5%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
1612-25.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

6 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Desert Oasis at Surprise, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 12 homes were sold or pending in Desert Oasis at Surprise in October 2024, down by 25.0% month-over-month. Of the 12 sold homes, 42% were sold under asking, 50% were sold at asking, and 8% were sold over asking.

Days on Market for Desert Oasis at Surprise, AZ

How long does it take to sell a home in Desert Oasis at Surprise, AZ?

Average Sale Time

Oct 2023Oct 2024CHANGE
73 Days106 Days+45.4%

Summary: Homes in Desert Oasis at Surprise had an average of 106 days on market in Oct 2024, up by 45.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Desert Oasis at Surprise has remained consistent over time.

Summary: During October 2024, 12 homes were sold in Desert Oasis at Surprise; 8% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 16 Days Ago

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