Clear Title Agency of Arizona

Surprise, AZ 85378

Single-Family Homes

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Surprise, AZ 85378

Fri Jul 01 2022
This week the median list price for Surprise, AZ 85378 is $456,500 with the market action index hovering around 77. This is about the same as last month's market action index of 77. 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

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 85378

Fri Jul 01 2022
This week the median list price for Surprise, AZ 85378 is $456,500 with the market action index hovering around 77. This is about the same as last month's market action index of 77. 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

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 $456,500
Median Price of New Listings $474,500
Per Square Foot $279
Average Days on Market 34
Median Days on Market 11
Price Decreased 60%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 77
Strong Seller's Market

We continue to see prices in this zip code bouncing around this plateau. 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
$564,440 2,383 - 4 2 40 1 0 35
$482,500 1,785 0 - 4,500 sqft 3 2.5 10 1 1 63
$454,000 1,518 4,500 - 6,500 sqft 2 2 27 1 1 49
$349,900 1,125 4,500 - 6,500 sqft 3 2 48 1 1 7