Navi Title Agency

Surprise, AZ 85388

Single-Family Homes

Here is your weekly Market Update!



Surprise, AZ 85388

Thu Sep 21 2023
This week the median list price for Surprise, AZ 85388 is $531,990 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 107. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Surprise, AZ 85388

Thu Sep 21 2023
This week the median list price for Surprise, AZ 85388 is $531,990 with the market action index hovering around 44. This is less than last month's market action index of 45. Inventory has held steady at or around 107. 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.

Slight Seller's Advantage

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $531,990
Median Price of New Listings $472,450
Per Square Foot $247
Average Days on Market 63
Median Days on Market 49
Price Decreased 60%
Price Increased 2%
Relisted 4%
Inventory 107
Median Rent
Market Action 44
Slight Seller's Advantage

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
$799,997 2,610 6,500 - 8,000 sqft 3 3 2 1 0 84
$610,000 2,468 6,500 - 8,000 sqft 4 3 1 1 1 49
$512,990 2,147 4,500 - 6,500 sqft 4 3 5 3 4 42
$429,900 1,902 4,500 - 6,500 sqft 3 2 17 3 3 28