Your Localized Market Report

Surprise, AZ 85378

Single-Family Homes

Lawyers Title Arizona & Grand Canyon Title Agency www.LawyersTitleArizona.com & www.gcta.com



Surprise, AZ 85378

Fri Mar 29 2024
This week the median list price for Surprise, AZ 85378 is $418,084 with the market action index hovering around 49. This is less than last month's market action index of 56. Inventory has increased to 13. 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 plateaued for a while. Despite the consistent decrease in MAI, 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 85378

Fri Mar 29 2024
This week the median list price for Surprise, AZ 85378 is $418,084 with the market action index hovering around 49. This is less than last month's market action index of 56. Inventory has increased to 13. 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 plateaued for a while. Despite the consistent decrease in MAI, 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 $418,084
Median Price of New Listings $385,000
Per Square Foot $245
Average Days on Market 89
Median Days on Market 28
Price Decreased 54%
Price Increased 0%
Relisted 8%
Inventory 13
Median Rent
Market Action 49
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
$585,000 2,683 8,000 - 10,000 sqft 4 3 25 0 0 203
$423,800 1,788 6,500 - 8,000 sqft 3 2 26 0 0 28
$389,000 1,737 0 - 4,500 sqft 4 2.5 15 1 1 0
$372,000 1,450 4,500 - 6,500 sqft 2 2 26 0 2 73