Surprise Housing Market Report December 2024•Maricopa County, Arizona

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Housing Prices in Surprise, AZ

How much do homes in Surprise, AZ cost?

Housing Market Conditions

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

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Surprise is a Neutral Market

Difference Since December 2023

At the same time last year, Surprise was a Seller's Market.

Insight

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.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$434,975$235/SqFt
+$10,356
+2.4%

Based on all homes sold in the last 12 months

Insight

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 City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Waddell
+9.7%
Peoria
+6.8%
El Mirage
+4.3%
Surprise
+2.4%
Wittmann
-6.2%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$238.5K$179.7K
-24.6%
2$395K$399.9K
+1.2%
3$402.1K$415K
+3.2%
4$459.9K$464.5K
+1.0%
5$535K$550K
+2.8%

Summary: Surprise housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -24.6%. The home price for 2 bedroom homes increased by +1.2%. The home price for 3 bedroom homes increased by +3.2%. The home price for 4 bedroom homes increased by +1.0%. The home price for 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

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
1,416Last MonthDec 2024
1,4722 months agoNov 2024
-3.8 %
Change MoMNov – Dec

Summary: The Surprise real estate market had 1,416 homes for sale in Dec 2024, a 3.8 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
205Last MonthDec 2024
2542 months agoNov 2024
-19.3 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
12124
+14.3%
2321326
+1.6%
3572535
-6.5%
4453426
-6.0%
5105105
0.0%

Summary: Surprise housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes increased by +14.3%. The inventory for 2 bedroom homes increased by +1.6%. The inventory for 3 bedroom homes decreased by -6.5%. The inventory for 4 bedroom homes decreased by -6.0%. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Surprise, AZ cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price29 Homes

At Asking Price57 Homes

Under Asking Price119 Homes

Insight

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 and 14% were sold over asking.

Days on Market for Surprise, AZ

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

Breakdown of Home Sale Times

Under 30 Days61 Homes

30 – 90 Days87 Homes

Over 90 Days57 Homes

Insight

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.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
69 DaysThis YearDec 2024
63 Days1 year agoDec 2023
+8.6 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Surprise had an average listing age of 69 days in Dec 2024, up by 8.6% compared to the previous year.

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Newest Listings in Surprise, AZ

What homes are available in Surprise, AZ?

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Nearby markets

Popular Cities with Homes for Sale in Arizona

MLS Disclaimers and Copyright

Based on information from Arizona Regional MLS, Northern Arizona Multiple Listing Service, California Regional MLS, and Prescott Area MLS for the period 01/01/2023 - 01/01/2025

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Last updated on: 1/29/2025, 3:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Prescott Area Association Of Realtors, Inc. Listings on this page identified as belonging to another listing firm are based upon data obtained from the PAAR MLS, which data is copyrighted by the Prescott Area Association of REALTORS® but is not warranted. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2025 Prescott Area Association Of Realtors, Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.