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 June 2021

At the same time last year, Surfside was a Seller's Market.

Key Takeaway

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

How much do homes in Surfside, FL cost?

Median Sold Price

$987,500

$602/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$227,500(+29.9%)

Key Takeaway

Homes in Surfside have sold for 29.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $318.5K$385K
+20.9%
2 $680K$737.5K
+8.5%
3 $815K$1.0M
+34.4%
4 $1.9M$3.2M
+71.1%
5+ $2.4M$10.0M
+304.0%

Median Sold Price Compared To Nearby Cities

Surfside
+29.9%
Bal Harbour
+12.8%
Miami Beach
-6.2%

How many homes are available in Surfside, FL?

Number of Homes For Sale

May 2022Jun 2022%
95107+12.6%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 1817
-5.6%
2 3846
+21.1%
3 2224
+9.1%
4 711
+57.1%
5+ 109
-10.0%

Number of Homes Sold

May 2022Jun 2022%
129-25.0%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was 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. 88.9% of homes here sold below asking price last month.

Average Sale Time

Jun 2021Jun 2022%
217 Days111 Days-48.6%

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Surfside are selling fast, if you're buying plan to act quickly.

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

About Surfside, FL

There are 107 homes are for sale in Surfside, FL real estate market. In June 2022 in Surfside, FL there were 12.6% more homes for sale than in May 2022. The median list price of listings available in June 2022 was $987,500, while the average time on the real estate market was 111 days. Real estate listing prices changed between May 2022 and June 2022: 1 bedroom properties became 20.9% more expensive, prices of 2 bedrooms properties increased by 8.5%, 3 bedrooms properties became 34.4% more expensive, 4 bedrooms properties became 71.1% more expensive, prices of 5 bedrooms properties increased by 304%. Volume of homes for sale changed: number of 1 bedroom homes decreased by 5.6%, 2 bedrooms homes inventory increased by 21.1%, volume of 3 bedrooms homes went up by 9.1%, number of 4 bedrooms homes increased by 57.1%, 5 bedrooms homes inventory decreased by 10%. Surfside, FL housing market in June 2022 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 8 sold below.

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