Lawyers Title Market Report

Surprise, AZ 85379

Single-Family Homes

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Surprise, AZ 85379

Mon Jun 21 2021
This week the median list price for Surprise, AZ 85379 is $425,900 with the market action index hovering around 97. This is less than last month's market action index of 99. Inventory has increased to 63. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 85379

Mon Jun 21 2021
This week the median list price for Surprise, AZ 85379 is $425,900 with the market action index hovering around 97. This is less than last month's market action index of 99. Inventory has increased to 63. 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 has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $425,900
Median Price of New Listings $413,000
Per Square Foot $189
Average Days on Market 11
Median Days on Market 0
Price Decreased 14%
Price Increased 5%
Relisted 3%
Inventory 63
Median Rent $2,070
Market Action 97
Strong Seller's Market

While the median price in this zip code hasn’t moved much in the last few weeks, we are relatively close to the market’s high-water mark. 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
$580,000 3,468 8,000 - 10,000 sqft 4 3 16 10 2 0
$499,000 2,641 6,500 - 8,000 sqft 4 3 16 12 4 0
$400,000 2,109 4,500 - 6,500 sqft 4 2 16 14 5 0
$353,950 1,427 4,500 - 6,500 sqft 3 2 18 13 6 0