$4,631 Closing Credit*
$390,000
1,264 SqFt
3 Beds
•2 Full Baths
Stella Chavez, Listing Office: Fortune Christie's International Real Estate
Is Cutler Bay, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cutler Bay was a Seller's Market.
Key Takeaway
Cutler Bay is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cutler Bay, FL
How much do homes in Cutler Bay, FL cost?
Median Sold Price
$580,000
$321/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$58,000(+11.1%)
Key Takeaway
Homes in Cutler Bay have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Cutler Bay was $580,000 in October 2024, up 11.1% from last year, and the median price per square foot was $321.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $203K | +9.7% |
| 2 Bedrooms | $270K | $292.5K | +8.3% |
| 3 Bedrooms | $494K | $526.6K | +6.6% |
| 4 Bedrooms | $600K | $650K | +8.3% |
| 5+ Bedrooms | $740K | $800K | +8.1% |
Summary: Cutler Bay housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 8.3%, 3 bedroom homes increased by 6.6%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 8.1%.
Median Sold Price Compared To Nearby Cities
| Cutler Bay | $522K | $580K | +11.1% |
| Princeton-Goulds | $481.3K | $530K | +10.1% |
| Kendall-Palmetto Bay | $744.6K | $779.6K | +4.7% |
| Palmetto Bay | $1.0M | $1.0M | +2.4% |
Housing Supply in Cutler Bay, FL
How many homes are available in Cutler Bay, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 240 | 257 | +7.1% |
Summary: The Cutler Bay real estate market had 257 homes for sale in October 2024, a 7.1% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 3 | -40.0% |
| 2 Bedrooms | 30 | 27 | -10.0% |
| 3 Bedrooms | 89 | 105 | +18.0% |
| 4 Bedrooms | 79 | 84 | +6.3% |
| 5+ Bedrooms | 37 | 38 | +2.7% |
Summary: The Cutler Bay housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 40%, 2 bedroom homes decreased by 10%, 3 bedroom homes increased by 18%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 2.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 32 | 35 | +9.4% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cutler Bay, you may be able to get a good deal. 71.4% of homes here sold below asking price last month.
Summary: A total of 35 homes were sold or pending in Cutler Bay in October 2024, up by 9.4% month-over-month. Of the 35 sold homes, 71% were sold under asking, 23% were sold at asking, and 6% were sold over asking.
Days on Market for Cutler Bay, FL
How long does it take to sell a home in Cutler Bay, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 39 Days | 54 Days | +37.0% |
Summary: Homes in Cutler Bay had an average of 54 days on market in Oct 2024, up by 37% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cutler Bay has remained consistent over time.
Summary: During October 2024, 35 homes were sold in Cutler Bay; 31% of homes were sold within 30 days, 63% of homes were sold within 30 to 90 days, and 6% 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.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is 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. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.