Navi Title Agency

Surprise, AZ 85387

Single-Family Homes

Here is your weekly Market Update!


Surprise, AZ 85387

Sat Jul 27 2024
This week the median list price for Surprise, AZ 85387 is $489,997 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 326. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Surprise, AZ 85387

Sat Jul 27 2024
This week the median list price for Surprise, AZ 85387 is $489,997 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has decreased to 326. 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.

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Surprise market.
Median List Price $489,997
Median Price of New Listings $464,625
Per Square Foot $236
Average Days on Market 68
Median Days on Market 56
Price Decreased 53%
Price Increased 15%
Relisted 4%
Inventory 326
Median Rent
Market Action 36
Slight Seller's Advantage

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
$638,302 2,630 8,000 - 10,000 sqft 4 3 1 10 5 63
$534,900 2,299 6,500 - 8,000 sqft 3 3 1 5 4 56
$454,992 2,014 6,500 - 8,000 sqft 4 2.8 0 9 5 59
$399,999 1,663 4,500 - 6,500 sqft 3 2 0 13 16 28