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Wednesday, November 6, 2024

Surprise home prices rise in the second half of 2017

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The median sale price of a home sold in the second half of 2017 in Surprise rose by $10,100 while total sales increased by 3%, according to BlockShopper.com.

From July through December of 2017, there were 1,953 homes sold, with a median sale price of $230,000 - a 4.6% increase over the $219,900 median sale price for the same period of the previous year. There were 1,896 homes sold in Surprise in the second half of 2016.

The median sales tax in Surprise for 2017 was $1,427. In 2016, the median sales tax was $1,370. This marks an increase of 4.2%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 0.6%.

The following table compares Surprise to other Maricopa County cities with similar median sales prices in the second half of 2017:

CityJuly - Dec. 2017 Home SalesJuly - Dec. 2016 Home Sales% change (Total Home Sales)July - Dec. 2017 Median Sales PriceJuly - Dec. 2016 Median Sales Price% change (Median Sales Price)
Uninc-85383/Peoria North47132-64.4%$260,000$239,8008.4%
Goodyear1,0731,235-13.1%$256,500$238,5007.5%
Peoria1,9011,939-2%$250,000$235,0006.4%
Wickenburg6176-19.7%$240,000$195,00023.1%
Buckeye (unincorporated)6873-6.8%$236,500$197,99019.5%
Surprise1,9531,8963%$230,000$219,9004.6%
Mesa4,1834,1550.7%$228,500$214,0006.8%
Sun City West (unincorporated)4804633.7%$221,950$205,0008.3%
Phoenix15,23115,0811%$218,000$200,0009%
Uninc-85326/Buckeye1520-25%$217,500$247,000-11.9%
Avondale8841,001-11.7%$214,950$202,0006.4%

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