Is Surfside, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Surfside is a buyer's market

Buyer's
Market

Difference Since February 2023

Since last year, Surfside has remained a Buyer's Market.

Key Takeaway

Surfside is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Surfside, FL

How much do homes in Surfside, FL cost?

Median Sold Price

$1,225,000

$766/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$142,500(-10.4%)

Key Takeaway

Homes in Surfside have sold for 10.4% less than they did a year ago.

Summary: The median home sold price in Surfside was $1,225,000 in February 2024, down 10.4% from last year, and the median price per square foot was $766.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $492.5K$475K
-3.6%
2 $875K$1.1M
+32.0%
3 $1.5M$1.5M
-2.7%
4 $7.9M$1.9M
-76.0%
5+ $11.6M$4.4M
-62.2%

Summary: Surfside housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 32%, 3 bedroom homes decreased by 2.7%, 4 bedroom homes decreased by 76%, and 5+ bedroom homes decreased by 62.2%.

Median Sold Price Compared To Nearby Cities

Miami Beach
+6.8%
Bay Harbor Islands
+5.7%
Bal Harbour
+2.3%
Surfside
-10.4%

Housing Supply in Surfside, FL

How many homes are available in Surfside, FL?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
113120+6.2%

Summary: The Surfside real estate market had 120 homes for sale in February 2024, a 6.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 2627
+3.8%
2 3234
+6.3%
3 3437
+8.8%
4 1413
-7.1%
5+ 79
+28.6%

Summary: The Surfside housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 6.3%, 3 bedroom homes increased by 8.8%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 28.6%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
149-35.7%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Surfside, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 9 homes were sold or pending in Surfside in February 2024, down by 35.7% month-over-month. Of the 9 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

Feb 2023Feb 2024CHANGE
51 Days82 Days+60.0%

Summary: Homes in Surfside had an average of 82 days on market in Feb 2024, up by 60% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Surfside has remained consistent over time.

Summary: During February 2024, 9 homes were sold in Surfside; 11% of homes were sold within 30 days, 67% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Surfside, FL

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