Surprise, AZ 85388 Real Estate Market Report

ZIP Code: 85388
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. median sold price: 480,000 is the primary indicator of market value and recent transaction activity; this level, combined with a median listing price: 522,000, suggests a persistent gap between asking and completed prices that may indicate pricing friction rather than rapid upward movement given the price year-over-year trend: flat.

2. median days on market: 196 signals notably slower sales velocity versus a typical faster-turning market; this extended market time may indicate that buyers are exercising more choice and that sellers should budget longer marketing windows or consider price adjustments.

3. median price per square foot: 219 provides a baseline for valuation comparisons across nearby submarkets and listing tiers; paired with the median market rent: 2,150, the data suggests rental demand is relevant for investor underwriting while acknowledging that the rent year-over-year trend: up supports stable cash-flow comparisons.

4. market temperature: neutral combined with interest rate pressure: elevated implies a balanced market with a slight edge for buyers—expect steady demand from population growth but more negotiation room and elevated inventory relative to sales that may prolong time-to-contract for sellers.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.

Surprise, AZ 85388 Real Estate Market Report

ZIP Code: 85388
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The primary market value signal is the median sold price of 464,500, which, combined with a price year-over-year trend of flat, suggests overall price stability and a market where recent transactions are largely holding steady rather than accelerating or declining.

2. Liquidity appears balanced with a slight buyer advantage: observed sales activity and sample inventory patterns point to moderate transaction volume and stable market temperature, which may indicate longer marketing times and more negotiation room for buyers rather than urgent seller-driven closings.

3. Pricing context shows a median price per square foot of 270 alongside a median market rent of 3,000; with rent year-over-year trend up, consider prioritizing well-priced, move-in-ready listings for quicker absorption and marketing to renters where appropriate.

4. Interest rate conditions are a headwind — interest rate pressure is elevated (elevated) — so sellers should expect increased sensitivity to pricing and terms, and buyers may use financing stress as leverage for concessions or contingencies.

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Notable Properties

The following 7 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.