$4,821 Closing Credit*
$406,000
1,459 SqFt
3 Beds
•3 Full Baths
Rosa Sklavounos, Listing Office: Douglas Elliman
Is Cutler Bay, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$585,000
$322/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$60,000(+11.4%)
Key Takeaway
Homes in Cutler Bay have sold for 11.4% more than they did a year ago.
Summary: The median home sold price in Cutler Bay was $585,000 in November 2024, up 11.4% from last year, and the median price per square foot was $322.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $186K | $203K | +9.1% |
| 2 Bedrooms | $270K | $312.5K | +15.7% |
| 3 Bedrooms | $495K | $535K | +8.1% |
| 4 Bedrooms | $600K | $650K | +8.3% |
| 5+ Bedrooms | $722.5K | $842K | +16.5% |
Summary: Cutler Bay housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.1%, 2 bedroom homes increased by 15.7%, 3 bedroom homes increased by 8.1%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 16.5%.
Median Sold Price Compared To Nearby Cities
| Cutler Bay | $525K | $585K | +11.4% |
| Princeton-Goulds | $486.6K | $535.2K | +10.0% |
| Kendall-Palmetto Bay | $748.4K | $772.2K | +3.2% |
| Palmetto Bay | $1.0M | $1.0M | -1.8% |
Housing Supply in Cutler Bay, FL
How many homes are available in Cutler Bay, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 250 | 247 | -1.2% |
Summary: The Cutler Bay real estate market had 247 homes for sale in November 2024, a 1.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 3 | -25.0% |
| 2 Bedrooms | 29 | 30 | +3.4% |
| 3 Bedrooms | 101 | 103 | +2.0% |
| 4 Bedrooms | 80 | 73 | -8.8% |
| 5+ Bedrooms | 36 | 38 | +5.6% |
Summary: The Cutler Bay housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 3.4%, 3 bedroom homes increased by 2%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes increased by 5.6%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 41 | 29 | -29.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
4 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. 65.5% of homes here sold below asking price last month.
Summary: A total of 29 homes were sold or pending in Cutler Bay in November 2024, down by 29.3% month-over-month. Of the 29 sold homes, 66% were sold under asking, 21% were sold at asking, and 14% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 30 Days | 48 Days | +57.9% |
Summary: Homes in Cutler Bay had an average of 48 days on market in Nov 2024, up by 57.9% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cutler Bay has remained consistent over time.
Summary: During November 2024, 29 homes were sold in Cutler Bay; 41% of homes were sold within 30 days, 48% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
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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.