Clear Title Agency of Arizona
Surprise, AZ 85374
Single-Family Homes
Where Quality Finds a Home |cleartitleaz.com | 480.278.8484
Surprise, AZ 85374
Fri Jan 21 2022
This week the median list price for Surprise, AZ 85374 is $449,500 with the market action index hovering around 93. This is less than last month's market action index of 94. Inventory has decreased to 38.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $449,500 | |
| Median Price of New Listings | $449,500 | |
| Per Square Foot | $242 | |
| Average Days on Market | 30 | |
| Median Days on Market | 7 | |
| Price Decreased | 21% | |
| Price Increased | 3% | |
| Relisted | 8% | |
| Inventory | 38 | |
| Median Rent | $2,100 | |
| Market Action | 93 | |
| Strong Seller's Market | ||
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Market Segments
Each segment below represents approximately 25% of the market ordered by price.
| Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
|---|---|---|---|---|---|---|---|---|
| $575,000 | 2,714 | 8,000 - 10,000 sqft | 3 | 2.5 | 21 | 4 | 5 | 21 |
| $480,000 | 2,070 | 8,000 - 10,000 sqft | 3 | 2 | 20 | 5 | 4 | 21 |
| $422,400 | 1,722 | 4,500 - 6,500 sqft | 2 | 2 | 23 | 4 | 5 | 7 |
| $357,000 | 1,356 | 4,500 - 6,500 sqft | 2 | 2 | 24 | 5 | 6 | 17 |