Navi Title Agency

Surprise, AZ 85388

Single-Family Homes

Here is your weekly Market Update!



Surprise, AZ 85388

Tue May 28 2024
This week the median list price for Surprise, AZ 85388 is $542,659 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has decreased to 145. 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

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 85388

Tue May 28 2024
This week the median list price for Surprise, AZ 85388 is $542,659 with the market action index hovering around 39. This is about the same as last month's market action index of 39. Inventory has decreased to 145. 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

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 $542,659
Median Price of New Listings $522,450
Per Square Foot $234
Average Days on Market 91
Median Days on Market 63
Price Decreased 55%
Price Increased 14%
Relisted 6%
Inventory 145
Median Rent
Market Action 39
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
$939,995 2,730 6,500 - 8,000 sqft 3 4 2 0 0 108
$602,495 2,576 6,500 - 8,000 sqft 4 3 2 5 2 59
$502,462 2,186 4,500 - 6,500 sqft 4 3 15 4 2 56
$425,000 1,902 4,500 - 6,500 sqft 3 2 19 5 3 35