Surprise, AZ Condos for Sale | realtor.com® (2024)

FAQs

Is Surprise AZ a good place to invest in real estate? ›

Surprise Housing Market Report Maricopa County, Arizona. Is Surprise, AZ a buyer's or seller's market? Since last year, Surprise has remained a Seller's Market. Surprise is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Surprise, AZ, offers a decent cost of living, mild winters, top-rated schools, a great sports scene, and recreational opportunities. However, keep in mind that summers in this city are sweltering, and there are little or no nightlife options.

This lesser-known Phoenix suburb has a lot to offer, and it could be just what you're looking for. Check out three pros and cons of living in Surprise, AZ.

The billionaire purchased 24,000 acres outside of Buckeye in Arizona and an additional 2,800 acres in Buckeye.

Surprise has been a top 25 growth city every year since 2020 and ranked eighth in 2022. “The urban sprawl in the Phoenix area has caused people to move further away from the city center,” said Jesse Ashdown, U-Haul Company of Northwest Phoenix president.

The annual salary needed for a single adult to live comfortably is $79,997.

Median Income

In 2022, the median household income of Surprise households was $87,756.

What is the crime rate in Surprise AZ? ›

Not only is Arizona low on water and extremely hot during the summer, but this state also faces wildfires, dust storms, and earthquakes. There are dozens, if not hundreds, of fires yearly — some of which take months to extinguish.

Surprise is home to the southwest's largest tennis and racquet complex, professionally designed golf courses, an urban fishing lake and aquatic centers. Each spring, our population explodes when we welcome the Kansas City Royals and Texas Rangers during the Cactus League Spring Training!

Primary property taxes are determined by your property's assessed value, not the market value. Surprise has a current primary property tax rate of $0.5693 per $100 of assessed limited property valuation.

Scottsdale, Arizona, has long been a favorite destination for high-end home buyers. With stunning desert landscapes, a booming economy, and year-round sunshine, the city has been a magnet for luxury buyers for decades. But in recent years, Scottsdale has seen an impressive 102% increase in millionaire residents.

This West Valley suburb is booming with residential growth. Due to its large and undeveloped land mass, new communities are springing up all over Surprise. Unlike other landlocked Phoenix metros, Surprise still has plenty of room to spare, making it appealing for new homeowners and businesses alike.

The current real estate market conditions in Arizona are becoming favorable for home buyers. Here's how: Lower Mortgage Rates: The interest rates for home loans have decreased to 7.01%, marking a decline from approximately 8% in the preceding year of 2023.

What is the housing market like right now? In June 2024, home prices in Arizona were up 1.9% compared to last year, selling for a median price. On average, the number of homes sold was down 13.8% year over year and there were 8,428 homes sold in June this year, down 9,774 homes sold in June last year.