Navi Title Agency

Surprise, AZ 85388

Single-Family Homes

Here is your weekly Market Update!


Surprise, AZ 85388

Fri Jun 02 2023
This week the median list price for Surprise, AZ 85388 is $545,000 with the market action index hovering around 48. This is less than last month's market action index of 50. Inventory has held steady at or around 85. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Surprise, AZ 85388

Fri Jun 02 2023
This week the median list price for Surprise, AZ 85388 is $545,000 with the market action index hovering around 48. This is less than last month's market action index of 50. Inventory has held steady at or around 85. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $545,000
Median Price of New Listings $475,000
Per Square Foot $232
Average Days on Market 61
Median Days on Market 42
Price Decreased 51%
Price Increased 0%
Relisted 1%
Inventory 85
Median Rent
Market Action 48
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

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
$799,000 2,489 0.25 - 0.5 acre 3 2.5 3 0 0 77
$614,999 2,750 6,500 - 8,000 sqft 4 2.5 4 3 2 56
$510,000 2,313 6,500 - 8,000 sqft 4 2.5 17 2 3 35
$424,950 1,937 4,500 - 6,500 sqft 4 2 18 6 3 24