Lawyers Title Market Report

Surprise, AZ 85388

Single-Family Homes

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Surprise, AZ 85388

Sat Jun 12 2021
This week the median list price for Surprise, AZ 85388 is $470,465 with the market action index hovering around 95. This is an increase over last month's market action index of 94. Inventory has held steady at or around 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Surprise, AZ 85388

Sat Jun 12 2021
This week the median list price for Surprise, AZ 85388 is $470,465 with the market action index hovering around 95. This is an increase over last month's market action index of 94. Inventory has held steady at or around 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $470,465
Median Price of New Listings $445,000
Per Square Foot $181
Average Days on Market 23
Median Days on Market 7
Price Decreased 20%
Price Increased 5%
Relisted 0%
Inventory 20
Median Rent $1,996
Market Action 95
Strong Seller's Market

We continue to see prices in this zip code hovering around these current levels, even though they bumped up a bit this week. Look for a persistent up-shift in the Market Action Index before we see prices move significantly from here.

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
$649,900 3,564 0.25 - 0.5 acre 5 3 10 1 2 35
$499,900 3,166 4,500 - 6,500 sqft 4 3 14 3 3 14
$445,000 2,388 6,500 - 8,000 sqft 4 2 16 5 4 0
$375,000 2,426 4,500 - 6,500 sqft 4 2 17 4 6 0