Clear Title Agency of Arizona

Surprise, AZ 85387

Single-Family Homes

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Surprise, AZ 85387

Fri Jan 21 2022
This week the median list price for Surprise, AZ 85387 is $520,000 with the market action index hovering around 71. This is an increase over last month's market action index of 68. Inventory has decreased to 23. Click here to stay informed with the Surprise market!

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.

Surprise, AZ 85387

Fri Jan 21 2022
This week the median list price for Surprise, AZ 85387 is $520,000 with the market action index hovering around 71. This is an increase over last month's market action index of 68. Inventory has decreased to 23. Click here to stay informed with the Surprise market!

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

Never miss important changes in the Surprise market.
Median List Price $520,000
Median Price of New Listings $518,500
Per Square Foot $246
Average Days on Market 44
Median Days on Market 7
Price Decreased 39%
Price Increased 9%
Relisted 0%
Inventory 23
Median Rent $2,495
Market Action 71
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$699,900 2,942 1 - 2.5 acres 4 3 16 0 5 133
$609,707 2,677 8,000 - 10,000 sqft 4 2.8 10 4 5 0
$498,500 2,232 0.25 - 0.5 acre 4 2.8 18 2 3 7
$450,445 1,829 6,500 - 8,000 sqft 3 2 4 3 3 14