Surfside, Florida - Real Estate Trends Report by Miamism

Surfside Real Estate Trends Report: Comprehensive October 2024 Analysis

How is the Surfside Real Estate Market Doing?

There are currently 36 Surfside homes for sale, compared to 31 in October of 2023:

  • Highest priced listing is $18.9 Million for the corner waterfront lot home with 240′ of water frontage at 8900 Bay Dr.  The home has 6 bedrooms/5 bathrooms, 5,485 Sq.Ft. on 21,800 Sq.Ft. lot ($3,446/SQ.Ft.)
  • Lowest priced listing is $950,000 for the fixer upper at 9264 Harding Ave with 2 bedrooms / 2 bathrooms and 5,6o0 Sq.Ft. lot ($588/Sq.Ft.)
  • Pending Sales: none (homes with a sales contract that have not yet closed)
  • Closed Sales in October:  2 (compared to 3 in October of 2023)
  • Median Sales Price in October: $1.5 Million (compared to $1,700,000 in October of last year)

What is the average price per square foot in Surfside?

The average price per square foot for non-waterfront homes in Surfside in October was $949, compared to $855 in October of 2023. Previous averages as follows:

    • September’s average $874
    • August’s average – $749
    • July’s average – no sales
    • June’s average $867
    • May’s average $766
    • April’s average $977
    • March’s average $728
    • February’s average $811
    • January’s average $1,044
    • 2023’s average of $829

There were not waterfront homes sold in Surfside this October or last October. Previous averages as follows:

  • September’s average $2,193 (one sale)
  • August’s average $2,237 (one sale)
  • July’s average – no waterfront sales
  • June’s average – no waterfront sales
  • May’s average $1,806 (one sale)
  • April’s average – no waterfront sales
  • March’s average $2,735 (one sale)
  • February’s average $1,823 (one sale)
  • January’s average $1,348 (one sale)

Surfside Real Estate Micro-Stats

Feel free to download our complete market report for the last 12 months, showing micro-stats for Real Estate Surfside. 

Surfside, Florida - real estate market report
  • Buyer’s market with 10 months of inventory
  • Price range that moves is between $1-1.5 Million and most of the inventory is above $2 Million
  • 73.7% of transactions are CASH
  • 87.5% of all buyers bought as primary residence (to occupy the home)
  • 2.5% of all sales had seller’s contributions averaging $25,000

DOWNLOAD SURFSIDE 3D MARKET REPORT

Let’s TAlk DATA in Surfside

Let’s dive into the latest real estate trends for this area—it’s pretty fascinating! Homes that sold closed at an average price of $2.7 million, while the ones still on the market are listed higher, averaging $4.2 million. Buyers typically scored an 8% discount on closed deals.

In the past year, there were 40 homes sold compared to 33 that are still up for grabs. Price per square foot? Sold properties averaged $1,203, while active listings are asking $1,385.

As for timing, both sold and active properties spent about 118-119 days on the market, which is pretty consistent. The total sales volume hit an impressive $106 million. And with 3,172 households in the area, this is definitely a sizable market to watch!

We prepare a Surfside Real Estate market report on a monthly basis and publish it on the second week of each month, reflecting data from the previous month. Contact us if you would like to receive this directly in your inbox and can unsubscribe at any time.