Clear Title Agency of Arizona

Surprise, AZ 85378

Single-Family Homes

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Surprise, AZ 85378

Mon Jun 05 2023
This week the median list price for Surprise, AZ 85378 is $424,500 with the market action index hovering around 62. This is less than last month's market action index of 65. Inventory has increased to 10. 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 85378

Mon Jun 05 2023
This week the median list price for Surprise, AZ 85378 is $424,500 with the market action index hovering around 62. This is less than last month's market action index of 65. Inventory has increased to 10. 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 $424,500
Median Price of New Listings $392,000
Per Square Foot $230
Average Days on Market 34
Median Days on Market 14
Price Decreased 50%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 62
Strong Seller's Market

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move 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
$467,388 1,930 4,500 - 6,500 sqft 2 1.5 52 0 0 63
$437,450 1,971 6,500 - 8,000 sqft 3 2 11 1 0 7
$424,000 1,895 4,500 - 6,500 sqft 3 2 26 0 0 56
$374,999 1,368 4,500 - 6,500 sqft 3 2 22 1 2 14