Foreclosures in Surprise, AZ

Current Market Conditions in Surprise, AZ

The Surprise real estate market has remained competitive, with steady demand for homes due to its proximity to Phoenix and attractive living conditions. Recent trends show an increase in new construction projects, catering to the growing population and diverse range of buyers, from first-time homeowners to retirees seeking a warmer climate.

As of late 2023, home prices in Surprise have appreciated consistently, driven by low inventory and high buyer interest. The market has also seen a surge in interest from out-of-state buyers attracted by the affordability compared to other major metropolitan areas.

Rent Prices In Surprise, AZ

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Surprise, AZ, is on a rollercoaster ride. The average rent price in Surprise, AZ, is $1,773.00. Indeed, when looking to rent in Surprise, AZ, you can expect to pay as little as $630.00 or as much as $5,320.00, with the average rent median estimated to be $1,780.00. The good news is that finding an affordable and desirable property to rent in Surprise, AZ -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.