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 seller's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Desert Oasis at Surprise was a Buyer's Market.

Key Takeaway

Desert Oasis at Surprise is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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 November 2023

+$23,581(+5.4%)

Key Takeaway

Homes in Desert Oasis at Surprise have sold for 5.4% more than they did a year ago.

Summary: The median home sold price in Desert Oasis at Surprise was $460,161 in November 2024, up 5.4% from last year, and the median price per square foot was $221.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 --
N/A
2 $377.1K$409.9K
+8.7%
3 $416.9K$447.9K
+7.4%
4 $440K$459.9K
+4.5%
5+ $535K$496.7K
-7.2%

Summary: Desert Oasis at Surprise housing prices by bedroom type for November 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 7.4%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes decreased by 7.2%.

Housing Supply in Desert Oasis at Surprise, AZ

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

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
1121120.0%

Summary: The Desert Oasis at Surprise real estate market had 112 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 00
0.0%
3 4641
-10.9%
4 4650
+8.7%
5+ 2021
+5.0%

Summary: The Desert Oasis at Surprise housing inventory by bedroom type for November 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 10.9%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 5%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1421+50.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

10 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, you may be able to get a good deal. 47.6% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Desert Oasis at Surprise in November 2024, up by 50.0% month-over-month. Of the 21 sold homes, 48% were sold under asking, 48% were sold at asking, and 5% 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

Nov 2023Nov 2024CHANGE
40 Days83 Days+106.0%

Summary: Homes in Desert Oasis at Surprise had an average of 83 days on market in Nov 2024, up by 106% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

10 Homes Were Sold
In 30 - 90 Days

8 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 November 2024, 21 homes were sold in Desert Oasis at Surprise; 14% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 38% 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 17 Days Ago

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