Surfside Homes for Sale & Real Estate Listings

In November 2024, the median home price in Surfside skyrocketed to $1.7 million, a remarkable 167.1% increase from last year. This sharp rise highlights a shift in the market, possibly driven by high-end properties or increased demand for luxury homes in the area. However, homes are taking much longer to sell, staying on the market for an average of 163 days compared to just 69 days last year, suggesting that buyers may be more cautious at these higher price points. Only 8 homes were sold this November, slightly down from 9 last year, which could reflect limited inventory or slower market activity despite the price surge.

The Surfside housing market is not very competitive, with homes typically taking about 106.5 days to sell. Multiple offers are uncommon, and most homes sell for around 7% below the list price, going under contract in approximately 107 days. Even "hot homes" in Surfside, which tend to attract more attention, usually sell for about 3% below the list price and go pending in around 60 days. This slower pace and the price reductions suggest that buyers have more room to negotiate, making it a favorable market for those looking to purchase a home.

In November 2024, Surfside, FL, was a buyer's market, meaning there were more homes for sale than there were buyers looking to purchase. This gives buyers more options and negotiating power, often leading to longer selling times and potential price reductions. It's an ideal time for those looking to buy a home in Surfside, as the increased supply creates opportunities to find the perfect property at a more favorable price.