Lawyers Title Market Report

Surprise, AZ 85387

Single-Family Homes

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Surprise, AZ 85387

Mon Jun 21 2021
This week the median list price for Surprise, AZ 85387 is $643,449 with the market action index hovering around 77. This is an increase over last month's market action index of 74. Inventory has decreased to 20. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Surprise, AZ 85387

Mon Jun 21 2021
This week the median list price for Surprise, AZ 85387 is $643,449 with the market action index hovering around 77. This is an increase over last month's market action index of 74. Inventory has decreased to 20. 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

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $643,449
Median Price of New Listings $559,950
Per Square Foot $236
Average Days on Market 74
Median Days on Market 7
Price Decreased 20%
Price Increased 30%
Relisted 10%
Inventory 20
Median Rent $2,250
Market Action 77
Strong Seller's Market

You can see that prices in this zip code are marching upward and that we’re getting close to the market’s all time high. Watch for persistent downward shift in the Market Action Index into the Buyer’s zone as a leading indicator of the price strength subsiding.

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
$749,900 3,100 1 - 2.5 acres 3 2 15 2 0 42
$674,900 2,756 1 - 2.5 acres 4 2 4 3 0 7
$550,000 2,470 8,000 - 10,000 sqft 3 2 1 0 1 126
$410,000 1,738 6,500 - 8,000 sqft 3 2 6 5 2 0