Is Surfside Beach, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$387,450
$347/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Surfside Beach have sold for 1.9% less than they did a year ago.
Summary: The median home sold price in Surfside Beach was $387,450 in May 2024, down 1.9% from last year, and the median price per square foot was $347.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $262K | $210K | -19.8% |
| 2 Bedrooms | $355K | $303.9K | -14.4% |
| 3 Bedrooms | $429K | $405K | -5.6% |
| 4 Bedrooms | $715K | $562K | -21.4% |
| 5+ Bedrooms | $783.5K | $700K | -10.7% |
Summary: Surfside Beach housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.8%, 2 bedroom homes decreased by 14.4%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes decreased by 10.7%.
Median Sold Price Compared To Nearby Cities
| Surfside Beach | $395K | $387.4K | -1.9% |
| Brazosport | $275K | $258.2K | -6.1% |
Housing Supply in Surfside Beach, TX
How many homes are available in Surfside Beach, TX?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 118 | 118 | 0.0% |
Summary: The Surfside Beach real estate market had 118 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 25 | 26 | +4.0% |
| 3 Bedrooms | 69 | 67 | -2.9% |
| 4 Bedrooms | 17 | 16 | -5.9% |
| 5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Surfside Beach housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 4%, 3 bedroom homes decreased by 2.9%, 4 bedroom homes decreased by 5.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
5 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. 71.4% of homes here sold below asking price last month.
Summary: A total of 7 homes were sold or pending in Surfside Beach in May 2024, down by 12.5% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 103 Days | 78 Days | -24.8% |
Summary: Homes in Surfside Beach had an average of 78 days on market in May 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Surfside Beach has remained consistent over time.
Summary: During May 2024, 7 homes were sold in Surfside Beach; 14% of homes were sold within 30 days, 43% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
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