Surprise, AZ 85388 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The neighborhood's primary market signal is the median sold price: median sold price $508,000, which represents recent transaction-level market value and anchors local pricing expectations; neutral market temperature appears to be reflected in transaction outcomes.
2. Liquidity shows slower sales velocity: median days on market of 205 suggests elongated listing lifecycles and slower sales velocity, which may indicate more time is required to convert listings to closed transactions under current conditions.
3. There is noticeable pricing tension between asking and realized values: median listing price $549,900 sits above the median sold price, a pattern that suggests pricing friction where seller expectations exceed recent transaction prices.
4. Macro and demand signals are mixed: price year-over-year trend: up while rent year-over-year trend: down, and interest rate dynamics are a headwind—property owners face elevated interest rate pressure as Current 30-year fixed mortgage rates for properties in Surprise, AZ are 6.63% compared to the 6.03% average seen earlier in 2026, which may moderate buyer urgency and purchase power.

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.