Is Surfside, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Surfside has remained a Buyer's Market.
Housing Prices in Surfside, FL
How much do homes in Surfside, FL cost?
Median Sold Price
$1,300,000
$773/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Surfside was $1,300,000 in May 2024, up 7.9% from last year, and the median price per square foot was $773.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $492K | $490K | -0.4% |
2 Bedrooms | $890K | $1.2M | +34.8% |
3 Bedrooms | $1.5M | $1.4M | -6.4% |
4 Bedrooms | $6.5M | $1.9M | -70.8% |
5+ Bedrooms | $6.8M | $4.4M | -36.0% |
Summary: Surfside housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 0.4%, 2 bedroom homes increased by 34.8%, 3 bedroom homes decreased by 6.4%, 4 bedroom homes decreased by 70.8%, and 5+ bedroom homes decreased by 36%.
Median Sold Price Compared To Nearby Cities
Miami Beach | $524.9K | $602.8K | +14.8% |
Bay Harbor Islands | $640K | $710K | +10.9% |
Surfside | $1.2M | $1.3M | +7.9% |
Bal Harbour | $1.5M | $1.6M | +2.3% |
Housing Supply in Surfside, FL
How many homes are available in Surfside, FL?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
115 | 128 | +11.3% |
Summary: The Surfside real estate market had 128 homes for sale in May 2024, a 11.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 24 | 24 | 0.0% |
2 Bedrooms | 36 | 37 | +2.8% |
3 Bedrooms | 34 | 42 | +23.5% |
4 Bedrooms | 16 | 17 | +6.3% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Surfside housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.8%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in Surfside in May 2024, up by 12.5% month-over-month. Of the 9 sold homes, 89% were sold under asking, 11% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
87 Days | 178 Days | +104.9% |
Summary: Homes in Surfside had an average of 178 days on market in May 2024, up by 104.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 9 homes were sold in Surfside; 33% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 56% of homes were sold over 90 days.