Is Surfside, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$1,250,000
$767/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Surfside was $1,250,000 in April 2024, up 2.9% from last year, and the median price per square foot was $767.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $415K | $494.5K | +19.2% |
2 Bedrooms | $837K | $1.1M | +41.9% |
3 Bedrooms | $1.5M | $1.5M | -2.2% |
4 Bedrooms | $7.2M | $2.0M | -72.5% |
5+ Bedrooms | $11.5M | $7.2M | -37.4% |
Summary: Surfside housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.2%, 2 bedroom homes increased by 41.9%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 72.5%, and 5+ bedroom homes decreased by 37.4%.
Median Sold Price Compared To Nearby Cities
Miami Beach | $525K | $590.2K | +12.4% |
Bay Harbor Islands | $650K | $712.5K | +9.6% |
Surfside | $1.2M | $1.2M | +2.9% |
Bal Harbour | $1.7M | $1.5M | -12.7% |
Housing Supply in Surfside, FL
How many homes are available in Surfside, FL?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 127 | +5.0% |
Summary: The Surfside real estate market had 127 homes for sale in April 2024, a 5.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 28 | 27 | -3.6% |
2 Bedrooms | 36 | 38 | +5.6% |
3 Bedrooms | 35 | 37 | +5.7% |
4 Bedrooms | 16 | 18 | +12.5% |
5+ Bedrooms | 6 | 7 | +16.7% |
Summary: The Surfside housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 5.6%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 8 | -11.1% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Surfside in April 2024, down by 11.1% month-over-month. Of the 8 sold homes, 75% were sold under asking, 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
89 Days | 91 Days | +1.6% |
Summary: Homes in Surfside had an average of 91 days on market in Apr 2024, up by 1.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During April 2024, 8 homes were sold in Surfside; 25% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.