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

Housing Market Conditions



Gauge showing Surprise is a seller's market


Difference Since August 2022

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

How much do homes in Surprise, AZ cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Surprise have sold for 4.5% less than they did a year ago.

Summary: The median home sold price in Surprise was $424,991 in August 2023, down 4.5% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 $184.9K$231.5K
2 $405K$392.6K
3 $426.5K$401.9K
4 $475K$464.8K
5+ $560K$535K

Summary: Surprise housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes increased by 25.2%, 2 bedroom homes decreased by 3.1%, 3 bedroom homes decreased by 5.8%, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 4.5%.

Median Sold Price Compared To Nearby Cities

El Mirage

Housing Supply

How many homes are available in Surprise, AZ?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Surprise real estate market had 1,099 homes for sale in August 2023, a 0.7% increase compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 1713
2 206188
3 440451
4 327340
5+ 101107

Summary: The Surprise housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes decreased by 23.5%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes increased by 2.5%, 4 bedroom homes increased by 4%, and 5+ bedroom homes increased by 5.9%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

130 Homes Were Sold
Under Asking

75 Homes Were Sold
At Asking

40 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. 53.1% of homes here sold below asking price last month.

Summary: A total of 245 homes were sold or pending in Surprise in August 2023, down by 16.9% month-over-month. Of the 245 sold homes, 53% were sold under asking, 31% were sold at asking, and 16% were sold over asking.

Days on Market

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

Average Sale Time

Aug 2022Aug 2023CHANGE
33 Days60 Days+80.8%

Summary: Homes in Surprise had an average of 60 days on market in Aug 2023, up by 80.8% compared to last year.

Breakdown of Home Sale Times

88 Homes Were Sold
Under 30 Days

108 Homes Were Sold
In 30 - 90 Days

49 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 August 2023, 245 homes were sold in Surprise; 36% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 20% 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 30 Days Ago

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Nearby Markets

What housing markets are near Surprise, AZ?