Surprise, AZ Home Values & Market Trends

Real estate market trends reflect that there have been 4,261 transactions over the past year in Surprise. The median value for residential home transactions that occurred over the previous year is $441,561. The number of current listings in Surprise is 24, and the percentage of properties for sale in the city is 24.00%. Surprise, AZ currently has 57 properties in foreclosure, 1 bank owned properties, 56 properties headed for auction, and 24 properties for sale.

Surprise, AZ Real Estate Market Overview

ZipMedian Est. ValueZipMedian Est. Value
85374

$ 393,214

$ 266/sqft

85388

$ 470,263

$ 213/sqft

85387

$ 377,790

$ 284/sqft

85378

$ --

$ --

85379

$ 527,400

$ 213/sqft

Housing Market Summary for Surprise, AZ

Oct 2023September 2024Change
Median Listing Price$442K$435K-1.58%
Median Sold Price$429K$405.9K-5.38%
Homes For Sale26273.85%
Homes Sold2,8312,8751.55%
Price
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Homes For Sale
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Price Per Square Foot

On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.

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Browse Homes in Surprise, AZ

Surprise home values range from $24,806 to $2,050,404. The median estimated value of a home in Surprise is $441,561. The median list price of a home is 443,950, and the total count of properties in the city is 3,149.

Foreclosure
There are 5 zips within Surprise, AZ; within these zips, the median estimated home value for homes in foreclosure ranges from $591,072 in 85379 to the lowest value of $335,157 in 85379. Foreclosure homes account for 1.00% of properties in Surprise, AZ with 85379 containing 18 foreclosures, the highest number of foreclosure properties in a single zip.
  • Pre-Foreclosure
    Pre-foreclosure homes account for 0% of all residential properties in Surprise, AZ with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 5 zips within Surprise, AZ; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
  • Bank Owned
    The median estimated home value of bank owned homes (REO properties) in Surprise, AZ ranges from the highest value of $0 in 85378 to the lowest value of $0 in 85374. Bank owned homes and properties account for 0.03% of properties in Surprise, AZ. There are 5 zips within Surprise, AZ; 85374 containing 1 REO properties, has the highest number of bank owned properties in a single zip.
  • Auctions
    85379 has 18 auction properties, the highest number of properties going to auction in a single zip in the state of Surprise, AZ. Auction homes and other auction properties account for 1.78% of all properties in Surprise, AZ. There are 5 zips within Surprise, AZ; of those zips, the median estimated home value for homes going to auction ranges from $963,198 in 85387 to the lowest value of $335,157 in 85387.
Homes for Sale
Homes and properties that are actively listed for sale account for 0.76% of residential properties in Surprise, AZ with 85374 containing 9 homes for sale, the highest number of listed properties in a single zip. There are 5 zips within Surprise, AZ; homes for sale in those zips, have a range of median values from $675,000 in 85388 to the lowest value of $329,000 in 85374.
    Sold Homes
    The median value for recently sold homes ranges from $1,150,000 in 85374 to the lowest price of $24,806 in 85374. There are 5 zips within Surprise, AZ. 85374 has 868 recently sold homes, the highest number of recently sold properties in a single zip. Recently sold homes and properties account for 95.62% of properties in Surprise, AZ.

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      Guide for Surprise, AZ

      Arizona
      Tempe Real Estate Rises to $597K Average Amid Sales Dip, Outpacing Nearby Phoenix
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      Tempe Real Estate Values Soar to $597k – May 2024
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      Scottsdale Real Estate Soars with Average Values Hitting $1.3M in April 2024
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      Phoenix Property Market Cools: Average Sale Price Per Square Foot Falls to $286 in April 2024
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      Tempe Real Estate Rises to $597K Average Amid Sales Dip, Outpacing Nearby Phoenix
      Arizona|posted 25 June 2024

      The Tempe, AZ real estate market showed strong growth from June 2023-May 2024, with average property values reaching $597,000.

      Tempe Real Estate Values Soar to $597k – May 2024
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      Real estate in Tempe, AZ sees significant growth in property values but dip in sales price. Despite general rise in values, complex market conditions require careful analysis for potential investors and homebuyers.

      Scottsdale Real Estate Soars with Average Values Hitting $1.3M in April 2024
      Market Reports|posted 17 May 2024

      Scottsdale, Arizona’s robust real estate market demonstrates an impressive growth in property values and average sale prices.

      Phoenix Property Market Cools: Average Sale Price Per Square Foot Falls to $286 in April 2024
      Market Reports|posted 17 May 2024

      This article provides a detailed overview of the Phoenix real estate market, including trends in prices and sales, comparisons with neighboring cities, and insights for buyers, sellers, and investors.

      Recently Listed Homes Surprise, AZ

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