$4,631 Closing Credit*
$390,000
1,754 SqFt
3 Beds
•3 Baths
Dawn Randles, Listing Office: West USA Realty
Is Surprise, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, Surprise was a Seller's Market.
Key Takeaway
Surprise is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Surprise, AZ
How much do homes in Surprise, AZ cost?
Median Sold Price
$434,975
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$10,356(+2.4%)
Key Takeaway
Homes in Surprise have sold for 2.4% more than they did a year ago.
Summary: The median home sold price in Surprise was $434,975 in December 2024, up 2.4% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $238.5K | $179.7K | -24.6% |
| 2 Bedrooms | $395K | $399.9K | +1.2% |
| 3 Bedrooms | $402.1K | $415K | +3.2% |
| 4 Bedrooms | $459.9K | $464.5K | +1.0% |
| 5+ Bedrooms | $535K | $550K | +2.8% |
Summary: Surprise housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.6%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 1%, and 5+ bedroom homes increased by 2.8%.
Housing Supply in Surprise, AZ
How many homes are available in Surprise, AZ?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 1,472 | 1,416 | -3.8% |
Summary: The Surprise real estate market had 1,416 homes for sale in December 2024, a 3.8% decrease compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 21 | 24 | +14.3% |
| 2 Bedrooms | 321 | 326 | +1.6% |
| 3 Bedrooms | 572 | 535 | -6.5% |
| 4 Bedrooms | 453 | 426 | -6.0% |
| 5+ Bedrooms | 105 | 105 | 0.0% |
Summary: The Surprise housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 14.3%, 2 bedroom homes increased by 1.6%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 254 | 205 | -19.3% |
Asking Price vs. Sold Price
119 Homes Were Sold
Under Asking
57 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Surprise, you may be able to get a good deal. 58% of homes here sold below asking price last month.
Summary: A total of 205 homes were sold or pending in Surprise in December 2024, down by 19.3% month-over-month. Of the 205 sold homes, 58% were sold under asking, 28% were sold at asking, and 14% were sold over asking.
Days on Market for Surprise, AZ
How long does it take to sell a home in Surprise, AZ?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 63 Days | 69 Days | +8.6% |
Summary: Homes in Surprise had an average of 69 days on market in Dec 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
61 Homes Were Sold
Under 30 Days
87 Homes Were Sold
In 30 - 90 Days
57 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Surprise has remained consistent over time.
Summary: During December 2024, 205 homes were sold in Surprise; 30% of homes were sold within 30 days, 42% of homes were sold within 30 to 90 days, and 28% of homes were sold over 90 days.
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