Is Surfside, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Surfside was a Seller's Market.
Housing Prices in Surfside, FL
How much do homes in Surfside, FL cost?
Median Sold Price
$1,275,000
$770/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Surfside was $1,275,000 in June 2024, up 6.3% from last year, and the median price per square foot was $770.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $492K | $483K | -1.8% |
2 Bedrooms | $905K | $1.1M | +31.2% |
3 Bedrooms | $1.4M | $1.4M | -4.4% |
4 Bedrooms | $2.1M | $2.9M | +40.5% |
5+ Bedrooms | $2.2M | $7.2M | +220.0% |
Summary: Surfside housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.8%, 2 bedroom homes increased by 31.2%, 3 bedroom homes decreased by 4.4%, 4 bedroom homes increased by 40.5%, and 5+ bedroom homes increased by 220%.
Median Sold Price Compared To Nearby Cities
Miami Beach | $512.7K | $616.2K | +20.2% |
Bay Harbor Islands | $620K | $715K | +15.3% |
Surfside | $1.2M | $1.2M | +6.3% |
Bal Harbour | $1.6M | $1.5M | -3.8% |
Housing Supply in Surfside, FL
How many homes are available in Surfside, FL?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
111 | 120 | +8.1% |
Summary: The Surfside real estate market had 120 homes for sale in June 2024, a 8.1% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 22 | 25 | +13.6% |
2 Bedrooms | 32 | 37 | +15.6% |
3 Bedrooms | 39 | 40 | +2.6% |
4 Bedrooms | 11 | 11 | 0.0% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Surfside housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.6%, 2 bedroom homes increased by 15.6%, 3 bedroom homes increased by 2.6%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
11 | 6 | -45.5% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Surfside in June 2024, down by 45.5% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Surfside, FL
How long does it take to sell a home in Surfside, FL?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
57 Days | 47 Days | -17.4% |
Summary: Homes in Surfside had an average of 47 days on market in Jun 2024, down by 17.4% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 6 homes were sold in Surfside; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.