$8,790,000
9,399 SqFt
7 Beds
•7 Full Baths, 2 Partial
Josie Wang, Listing Office: Brown Harris Stevens
Is West Cutler Area, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, West Cutler Area has remained a Buyer's Market.
Key Takeaway
West Cutler Area is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Cutler Area, FL
How much do homes in West Cutler Area, FL cost?
Median Sold Price
$3,900,000
$1,026/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,632,000(+72.0%)
Key Takeaway
Homes in West Cutler Area have sold for 72% more than they did a year ago.
Summary: The median home sold price in West Cutler Area was $3,900,000 in October 2024, up 72% from last year, and the median price per square foot was $1,026.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $215K | $344K | +60.0% |
| 2 Bedrooms | $372.5K | $382.5K | +2.7% |
| 3 Bedrooms | $1.7M | $2.2M | +25.8% |
| 4 Bedrooms | $2.6M | $2.7M | +3.2% |
| 5+ Bedrooms | $5.2M | $6.4M | +22.5% |
Summary: West Cutler Area housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 2.7%, 3 bedroom homes increased by 25.8%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 22.5%.
Housing Supply in West Cutler Area, FL
How many homes are available in West Cutler Area, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 48 | 48 | 0.0% |
Summary: The West Cutler Area real estate market had 48 homes for sale in October 2024, the same as September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 5 | 4 | -20.0% |
| 3 Bedrooms | 2 | 2 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 34 | 33 | -2.9% |
Summary: The West Cutler Area housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 20%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes decreased by 2.9%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in West Cutler Area, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in West Cutler Area in October 2024, up by 33.3% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for West Cutler Area, FL
How long does it take to sell a home in West Cutler Area, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 25 Days | 70 Days | +181.0% |
Summary: Homes in West Cutler Area had an average of 70 days on market in Oct 2024, up by 181% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Cutler Area are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 4 homes were sold in West Cutler Area; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
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