Lawyers Title Market Report

Surprise, AZ 85374

Single-Family Homes

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Surprise, AZ 85374

Sat Jun 12 2021
This week the median list price for Surprise, AZ 85374 is $400,000 with the market action index hovering around 96. This is about the same as last month's market action index of 96. Inventory has increased to 37. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 85374

Sat Jun 12 2021
This week the median list price for Surprise, AZ 85374 is $400,000 with the market action index hovering around 96. This is about the same as last month's market action index of 96. Inventory has increased to 37. 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 started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its 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 $400,000
Median Price of New Listings $335,000
Per Square Foot $227
Average Days on Market 40
Median Days on Market 7
Price Decreased 11%
Price Increased 5%
Relisted 3%
Inventory 37
Median Rent $2,473
Market Action 96
Strong Seller's Market

We continue to see prices in this zip code bounce around this plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate 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
$599,000 2,598 8,000 - 10,000 sqft 3 2 19 2 1 21
$499,900 2,282 6,500 - 8,000 sqft 3 2 19 4 3 7
$389,900 1,947 6,500 - 8,000 sqft 3 2 21 4 3 7
$305,000 1,187 4,500 - 6,500 sqft 2 2 23 9 8 0