Surprise Housing Market Report May 2025•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 May 2024

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.
$433,852$235/SqFt
+$3,862
+0.9%

Based on all homes sold in the last 12 months

Insight

Homes in Surprise have sold for 0.9% more than they did a year ago.

Summary: The median home sold price in Surprise was $433,852 in May 2025, up 0.9% from last year, and the median price per square foot was $235.

Median Sold Price By Cities

Median Sold Price By Cities
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
+7.8%
Peoria
+4.2%
Surprise
+0.9%
El Mirage
0.2%
Wittmann
-9.1%

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.
BedsMay 2024May 2025Change YoY
1$199K$180K
-9.5%
2$399.5K$394.9K
-1.1%
3$408.9K$411.6K
+0.7%
4$463.5K$465K
0.3%
5$547.2K$535.9K
-2.1%

Summary: Surprise housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -9.5%. The home price for 2 bedroom homes decreased by -1.1%. The home price for 3 bedroom homes increased by +0.7%. The home price for 4 bedroom homes increased by 0.3%. The home price for 5 bedroom homes decreased by -2.1%.

How does Surprise, AZ compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Surprise, AZ

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
1,910Last MonthMay 2025
1,8402 months agoApr 2025
+3.8 %
Change MoMApr – May

Summary: The Surprise real estate market had 1,910 homes for sale in May 2025, a 3.8 % increase compared to Apr 2025.

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
312Last MonthMay 2025
3282 months agoApr 2025
-4.9 %
Change MoMApr – May

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.
BedsApr 2025May 2025Change MoM
13133
+6.5%
2387367
-5.2%
3714769
+7.7%
4571613
+7.4%
5137128
-6.6%

Summary: Surprise housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +6.5%. The inventory for 2 bedroom homes decreased by -5.2%. The inventory for 3 bedroom homes increased by +7.7%. The inventory for 4 bedroom homes increased by +7.4%. The inventory for 5 bedroom homes decreased by -6.6%.

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 Price42 Homes

At Asking Price91 Homes

Under Asking Price179 Homes

Insight

If you're buying a home in Surprise, you may be able to get a good deal. 57.4% of homes here sold below asking price last month.

Summary: A total of 312 homes were sold or pending in Surprise in May 2025, down by 4.9% month-over-month. Of the 312 sold homes, 57% were sold under asking, 29% were sold at asking, and and 13% 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 Days75 Homes

30 – 90 Days133 Homes

Over 90 Days104 Homes

Insight

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

Summary: During May 2025, 312 homes were sold in Surprise; 24% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 33% 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
79 DaysThis YearMay 2025
71 Days1 year agoMay 2024
+10.5 %
Change YoYMay 2024 – May 2025

Summary: Homes in Surprise had an average listing age of 79 days in May 2025, up by 10.5% 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, Prescott Area MLS, Northern Arizona Multiple Listing Service, and White Mountain MLS for the period 06/01/2023 - 06/01/2025

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX 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. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, 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: 6/26/2025, 6:45:31 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: 6/26/2025, 6:45:36 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: 6/26/2025, 6:45:37 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDXCopyright 2025 White Mountain Association of REALTORS®, Inc. All rights reserved. IDX 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. Information deemed reliable, but not guaranteed. The data relating to real estate for sale on this Website comes in part from the Internet Data Exchange program of the White Mountain Association of REALTORS®. Real estate listings held by any other brokerage firm include the name of that firm.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/26/2025, 6:45:36 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.