$9,850,000
3,334 SqFt
3 Beds
•4 Full Baths, 1 Partial
Fredrik Eklund, Listing Office: Douglas Elliman
Is Surfside, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Surfside has remained a Buyer'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
$1,300,000
$800/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$82,000(+6.7%)
Key Takeaway
Homes in Surfside have sold for 6.7% more than they did a year ago.
Summary: The median home sold price in Surfside was $1,300,000 in October 2024, up 6.7% from last year, and the median price per square foot was $800.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $490K | $499K | +1.8% |
| 2 Bedrooms | $915K | $1.1M | +26.2% |
| 3 Bedrooms | $1.4M | $1.3M | -4.8% |
| 4 Bedrooms | $6.5M | $4.0M | -38.9% |
| 5+ Bedrooms | $3.3M | $14.8M | +347.4% |
Summary: Surfside housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.8%, 2 bedroom homes increased by 26.2%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 38.9%, and 5+ bedroom homes increased by 347.4%.
Median Sold Price Compared To Nearby Cities
| Miami Beach | $530.5K | $604.5K | +14.0% |
| Surfside | $1.2M | $1.3M | +6.7% |
| Bay Harbor Islands | $640K | $682.5K | +6.6% |
| Bal Harbour | $1.6M | $1.4M | -12.5% |
Housing Supply in Surfside, FL
How many homes are available in Surfside, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 127 | 143 | +12.6% |
Summary: The Surfside real estate market had 143 homes for sale in October 2024, a 12.6% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 29 | 30 | +3.4% |
| 2 Bedrooms | 43 | 49 | +14.0% |
| 3 Bedrooms | 35 | 39 | +11.4% |
| 4 Bedrooms | 13 | 18 | +38.5% |
| 5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Surfside housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 3.4%, 2 bedroom homes increased by 14%, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 38.5%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 1 | -88.9% |
Asking Price vs. Sold Price
1 Home Was 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 1 homes were sold or pending in Surfside in October 2024, down by 88.9% month-over-month. Of the 1 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 41 Days | 358 Days | +764.1% |
Summary: Homes in Surfside had an average of 358 days on market in Oct 2024, up by 764.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Surfside are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 1 homes were sold in Surfside; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.