Is Surfside Beach, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Surfside Beach was a Seller's Market.
Key Takeaway
Surfside Beach is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Surfside Beach, TX
How much do homes in Surfside Beach, TX cost?
Median Sold Price
$375,000
$346/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Surfside Beach have sold for 12.8% less than they did a year ago.
Summary: The median home sold price in Surfside Beach was $375,000 in March 2024, down 12.8% from last year, and the median price per square foot was $346.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262K | $210K | -19.8% |
| 2 Bedrooms | $372.5K | $292K | -21.6% |
| 3 Bedrooms | $448K | $399K | -10.9% |
| 4 Bedrooms | $707.4K | $595K | -15.9% |
| 5+ Bedrooms | $783.5K | $700K | -10.7% |
Summary: Surfside Beach housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.8%, 2 bedroom homes decreased by 21.6%, 3 bedroom homes decreased by 10.9%, 4 bedroom homes decreased by 15.9%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Brazosport | $274.9K | $259.3K | -5.7% |
| Surfside Beach | $430K | $375K | -12.8% |
Housing Supply in Surfside Beach, TX
How many homes are available in Surfside Beach, TX?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 96 | 110 | +14.6% |
Summary: The Surfside Beach real estate market had 110 homes for sale in March 2024, a 14.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 23 | 26 | +13.0% |
| 3 Bedrooms | 51 | 63 | +23.5% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The Surfside Beach housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 23.5%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Surfside Beach, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Surfside Beach in March 2024, down by 20.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Surfside Beach, TX
How long does it take to sell a home in Surfside Beach, TX?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 69 Days | 113 Days | +63.1% |
Summary: Homes in Surfside Beach had an average of 113 days on market in Mar 2024, up by 63.1% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Surfside Beach are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During March 2024, 4 homes were sold in Surfside Beach; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 75% of homes were sold over 90 days.
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