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The Surfside housing market is relatively low in competitiveness. Last month, the median sale price for homes in Surfside was $1.3M, reflecting a 40.8% decrease compared to last year. However, the median price per square foot has risen to $812, marking an 18.8% increase year-over-year.
Median Sale Price
Median Sale Price per Sq. Ft.
Median Days on Market
Total Homes Sold
In September 2024, Surfside home prices experienced a notable drop, down 40.8% from the previous year, with a median sale price of $1.3M. Despite this decline, homes in Surfside are selling faster, averaging 112 days on the market compared to 269 days last year, indicating a quicker turnover. The number of homes sold also increased, with 10 homes sold in September this year, compared to just 4 last year. Interestingly, the median sale price per square foot rose by 18.8%, reaching $812, which suggests that while overall home prices are down, demand for premium or smaller properties is still strong, driving up the price per square foot.
Surfside's housing market is not very competitive, with homes typically selling in around 102.5 days. Multiple offers are uncommon, and on average, homes sell for approximately 6% below the listing price, going pending in about 103 days. However, "hot" homes can sell more quickly, typically going pending in around 45 days and selling for about 2% below the list price.
Nationally, 2% of homebuyers searched for homes in Surfside from outside metropolitan areas. Among these, New York homebuyers showed the most interest in relocating to Surfside, followed by those from Washington and Boston. This indicates that Surfside is drawing attention from buyers in major cities across the country.
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