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.
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
$1,275,000
$770/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Surfside have sold for 6.3% more than they did a year ago.
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
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 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
Key Takeaway
Many homes in Surfside are selling fast, if you're buying plan to act quickly.
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.
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