Market Intelligence · AZ / Surprise

Surprise, AZ 85387 Housing Market

Typical home value in Surprise, AZ 85387 is $451,098, down 1.8% over the past year as of September 2026. The median list price stands at $457,468, with homes taking a median 66 days to sell in the current market.

Updated September 2026Median value$451K

The median home value in Surprise, AZ 85387 is $451K as of September 2026, down 1.8% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 85387 range

$415K to $487K

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

Sep 2025$459K

Low $451KHigh $461K

Sep 2026$451K

The numbers

What is the 85387 housing market like?

As of September 2026

Typical home value

$451K

1.8%YoY

Median list price

$457K

0.5%MoM

Days on market

16.5%MoM

Homes for sale

320

5.3%MoM

Price cuts

33.6%

35.4%MoM

New listings

122

17.3%MoM

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

The outlook

85387 housing market forecast 2027

-1.2%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 85387 to fall 1.2% by September 2027.

Over the 12 months through September 2026, typical home values in 85387 fell 1.8%, per the Zillow Home Value Index.

Will home prices drop in 85387?

Zillow's forecast says they may: it expects typical home values in 85387 to fall 1.2% by September 2027, after a 1.8% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 85387 home prices compare?

85387$451,098
Surprise$419,290
Arizona$385,442
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Surprise: 5 ZIPs; Arizona: 300 ZIPs; United States: 26,262 ZIPs).

Context

The market in Surprise shows measured activity with 320 homes for sale and 122 new listings as of September 2026. About 33.6% of listings carry a price cut, a sign that sellers are adjusting expectations in a softer environment. Homes are spending 66 days on market on average, which suggests buyers have time to make deliberate choices. The median list price of $457,468 sits slightly above the typical home value of $451,098. Sellers should recognize that values have declined and competition is present; this is a time to price realistically and prepare homes for genuine buyer interest.

Monthly payment

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Home price

Down payment20% · $90,220

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Common questions

What people ask us.

What is the typical home value in 85387?

Typical home value in Surprise, AZ 85387 is $451,098 as of September 2026, down 1.8% over the past year.

How many homes are for sale in 85387?

There are 320 homes for sale as of September 2026, with 122 new listings added in that same period.

How long do homes take to sell in 85387?

The median days on market is 66 as of September 2026, giving buyers adequate time to review options.

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