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

Housing Market Conditions



Gauge showing Surprise is a seller's market


Difference Since June 2023

Since last year, Surprise has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Surprise, AZ

How much do homes in Surprise, AZ cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since June 2023


Key Takeaway

The sold price of homes in Surprise has remained the same since last year.

Summary: The median home sold price in Surprise was $430,005 in June 2024, down 0.1% from last year, and the median price per square foot was $237.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $237K$196.7K
2 $397.9K$398.8K
3 $411.3K$410K
4 $465.3K$460.5K
5+ $538K$552.9K

Summary: Surprise housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 17%, 2 bedroom homes increased by 0.2%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 2.8%.

Median Sold Price Compared To Nearby Cities

El Mirage

Housing Supply in Surprise, AZ

How many homes are available in Surprise, AZ?

Number of Homes For Sale

May 2024Jun 2024CHANGE

Summary: The Surprise real estate market had 1,336 homes for sale in June 2024, a 5.7% decrease compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 1515
2 314268
3 562518
4 417413
5+ 109122

Summary: The Surprise housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 14.6%, 3 bedroom homes decreased by 7.8%, 4 bedroom homes decreased by 1%, and 5+ bedroom homes increased by 11.9%.

Number of Homes Sold

May 2024Jun 2024CHANGE

Asking Price vs. Sold Price

135 Homes Were Sold
Under Asking

92 Homes Were Sold
At Asking

51 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Surprise, you may be able to get a good deal. 48.6% of homes here sold below asking price last month.

Summary: A total of 278 homes were sold or pending in Surprise in June 2024, down by 16.8% month-over-month. Of the 278 sold homes, 49% were sold under asking, 33% were sold at asking, and 18% 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

Jun 2023Jun 2024CHANGE
67 Days74 Days+10.5%

Summary: Homes in Surprise had an average of 74 days on market in Jun 2024, up by 10.5% compared to last year.

Breakdown of Home Sale Times

82 Homes Were Sold
Under 30 Days

118 Homes Were Sold
In 30 - 90 Days

78 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 278 homes were sold in Surprise; 29% 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.

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

Report Updated 23 Days Ago

Newest Listings in Surprise, AZ

Nearby Markets to Surprise, AZ

What housing markets are near Surprise, AZ?