$7,719 Closing Credit*
$650,000
1,908 SqFt
4 Beds
•2 Full Baths
Anthony Askowitz, Listing Office: RE/MAX Advance Realty II
Is Cutler Ridge, 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 Ridge was a Seller's Market.
Key Takeaway
Cutler Ridge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cutler Ridge, FL
How much do homes in Cutler Ridge, FL cost?
Median Sold Price
$600,000
$361/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$53,000(+9.7%)
Key Takeaway
Homes in Cutler Ridge have sold for 9.7% more than they did a year ago.
Summary: The median home sold price in Cutler Ridge was $600,000 in November 2024, up 9.7% from last year, and the median price per square foot was $361.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $180K | $175K | -2.8% |
| 2 Bedrooms | $258.7K | $339.2K | +31.1% |
| 3 Bedrooms | $527.5K | $597.9K | +13.3% |
| 4 Bedrooms | $575K | $625K | +8.7% |
| 5+ Bedrooms | $567.5K | $680K | +19.8% |
Summary: Cutler Ridge housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.8%, 2 bedroom homes increased by 31.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 8.7%, and 5+ bedroom homes increased by 19.8%.
Housing Supply in Cutler Ridge, FL
How many homes are available in Cutler Ridge, FL?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 92 | 87 | -5.4% |
Summary: The Cutler Ridge real estate market had 87 homes for sale in November 2024, a 5.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 6 | 7 | +16.7% |
| 3 Bedrooms | 45 | 42 | -6.7% |
| 4 Bedrooms | 31 | 28 | -9.7% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Cutler Ridge housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes decreased by 6.7%, 4 bedroom homes decreased by 9.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 19 | 11 | -42.1% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cutler Ridge, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Cutler Ridge in November 2024, down by 42.1% month-over-month. Of the 11 sold homes, 45% were sold under asking, 36% were sold at asking, and 18% were sold over asking.
Days on Market for Cutler Ridge, FL
How long does it take to sell a home in Cutler Ridge, FL?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 38 Days | +135.3% |
Summary: Homes in Cutler Ridge had an average of 38 days on market in Nov 2024, up by 135.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cutler Ridge are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Cutler Ridge; 55% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 0% 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.