$10,000 Closing Credit*
$1,425,000
5 Beds
•3 Full Baths
Listing Office: Douglas Elliman Real Estate
Is Cutchogue, NY 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, Cutchogue was a Neutral Market.
Key Takeaway
Cutchogue is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cutchogue, NY
How much do homes in Cutchogue, NY cost?
Median Sold Price
$1,052,500
$568/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$192,500(-15.5%)
Key Takeaway
Homes in Cutchogue have sold for 15.5% less than they did a year ago.
Summary: The median home sold price in Cutchogue was $1,052,500 in October 2024, down 15.5% from last year, and the median price per square foot was $568.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.0M | $703.7K | -30.7% |
| 3 Bedrooms | $967.5K | $932.5K | -3.6% |
| 4 Bedrooms | $1.5M | $1.5M | +1.4% |
| 5+ Bedrooms | $600K | $1.8M | +200.0% |
Summary: Cutchogue housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 30.7%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes increased by 1.4%, and 5+ bedroom homes increased by 200%.
Median Sold Price Compared To Nearby Neighborhoods
| Mattituck | $937.5K | $950K | +1.3% |
| Cutchogue | $1.2M | $1.0M | -15.5% |
Housing Supply in Cutchogue, NY
How many homes are available in Cutchogue, NY?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 42 | 45 | +7.1% |
Summary: The Cutchogue real estate market had 45 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 | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 4 | +100.0% |
| 3 Bedrooms | 18 | 18 | 0.0% |
| 4 Bedrooms | 14 | 14 | 0.0% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Cutchogue housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cutchogue, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Cutchogue in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Cutchogue, NY
How long does it take to sell a home in Cutchogue, NY?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 91 Days | +76.6% |
Summary: Homes in Cutchogue had an average of 91 days on market in Oct 2024, up by 76.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cutchogue are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Cutchogue; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.