Market Intelligence · AZ / Surprise

Surprise, AZ 85387 Housing Market

The typical home value in Surprise 85387 is $452,940, down 1.8% over the past year. Homes are listing at a median of $459,695 and spending 79 days on the market before selling.

Updated August 2026Median value$449K

The median home value in Surprise, AZ 85387 is $449K as of August 2026, down 1.8% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 85387 range

$413K to $485K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-1.8% over 12 months

Typical home value in 85387 over the last 12 months: $458K in Aug 2025 to $449K in Aug 2026 (-1.8%).

Aug 2025$458K

Aug 2026$449K

The numbers

What is the 85387 housing market like?

Typical home value

$449K

Down1.8%YoY

Median list price

$460K

Up1.2%MoM

Days on market

79

Up2.6%MoM

Homes for sale

304

Up4.1%MoM

Price cuts

24.9%

Down17.4%MoM

New listings

104

Up2.0%MoM

Sources · Zillow ZHVI (August 2026) / Realtor.com (August 2026) / FRED (September 2026)

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The comparison

How do 85387 home prices compare?

  • 85387$449,356
  • Surprise$420,096
  • Arizona$388,803
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (Surprise: 5 ZIPs; Arizona: 300 ZIPs; United States: 26,265 ZIPs).

Context

Surprise 85387 has 304 homes for sale with 104 new listings as of August 2026. The median list price sits at $459,695, while the typical home value has declined 1.8% year over year to $452,940. Homes are taking 79 days on average to sell. About one in four listings has seen a price reduction, suggesting sellers are adjusting to current market conditions. If you own here and are thinking about selling, expect a measured pace and consider pricing competitively from the start.

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