Is Surprise Farms, AZ a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Surprise Farms has remained a Seller's Market.
Housing Prices in Surprise Farms, AZ
How much do homes in Surprise Farms, AZ cost?
Median Sold Price
$430,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Surprise Farms was $430,000 in March 2024, down 7.4% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $359K | $350K | -2.5% |
3 Bedrooms | $430K | $395K | -8.1% |
4 Bedrooms | $482.7K | $449.5K | -6.9% |
5+ Bedrooms | $552.5K | $543.2K | -1.7% |
Summary: Surprise Farms housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 8.1%, 4 bedroom homes decreased by 6.9%, and 5+ bedroom homes decreased by 1.7%.
Median Sold Price Compared To Nearby Neighborhoods
Arizona Traditions | $430K | $399.5K | -7.1% |
Surprise Farms | $464.5K | $430K | -7.4% |
Bell Pointe | $440K | $392K | -10.9% |
Housing Supply in Surprise Farms, AZ
How many homes are available in Surprise Farms, AZ?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
77 | 85 | +10.4% |
Summary: The Surprise Farms real estate market had 85 homes for sale in March 2024, a 10.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 36 | 44 | +22.2% |
4 Bedrooms | 29 | 30 | +3.4% |
5+ Bedrooms | 11 | 10 | -9.1% |
Summary: The Surprise Farms housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 22.2%, 4 bedroom homes increased by 3.4%, and 5+ bedroom homes decreased by 9.1%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
11 | 26 | +136.4% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 26 homes were sold or pending in Surprise Farms in March 2024, up by 136.4% month-over-month. Of the 26 sold homes, 54% were sold under asking, 35% were sold at asking, and 12% were sold over asking.
Days on Market for Surprise Farms, AZ
How long does it take to sell a home in Surprise Farms, AZ?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
86 Days | 53 Days | -38.4% |
Summary: Homes in Surprise Farms had an average of 53 days on market in Mar 2024, down by 38.4% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 26 homes were sold in Surprise Farms; 35% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.