Is Cutler Bay, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cutler Bay is a seller's market

Buyer's
Market

Difference Since June 2021

Since last year, Cutler Bay has remained a Seller's Market.

Key Takeaway

Cutler Bay is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Cutler Bay, FL cost?

Median Sold Price

$440,000

$252/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2021

+$78,937(+21.9%)

Key Takeaway

Homes in Cutler Bay have sold for 21.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSJun 2021Jun 2022%
1 $141K$165K
+17.0%
2 $179K$234K
+30.7%
3 $345K$414K
+20.0%
4 $425K$500K
+17.6%
5+ $601K$795K
+32.3%

Median Sold Price Compared To Nearby Cities

Palmetto Bay
+25.3%
Cutler Bay
+21.9%
Princeton-Goulds
+21.9%
Kendall-Palmetto Bay
+6.8%

How many homes are available in Cutler Bay, FL?

Number of Homes For Sale

May 2022Jun 2022%
155146-5.8%

Homes For Sale By Bedroom Count

# BEDSMay 2022Jun 2022%
1 13
+200.0%
2 118
-27.3%
3 7367
-8.2%
4 4647
+2.2%
5+ 2421
-12.5%

Number of Homes Sold

May 2022Jun 2022%
5629-48.2%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cutler Bay, you could pay more than the asking price. 48.3% of homes here sold above asking price last month.

Average Sale Time

Jun 2021Jun 2022%
19 Days20 Days+5.8%

Breakdown of Home Sale Times

22 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cutler Bay are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Cutler Bay, FL

Cutler Bay, FL has 146 homes for sale to choose from. The number of homes for sale in Cutler Bay, FL decreased by 5.8% between May 2022 and June 2022. Listings spent 20 days on the market in June 2022, and had a median list price of $440,000 during the same period. Listing prices have changed in this real estate market between May 2022 and June 2022: 1 bedroom properties prices increased by 17%, 2 bedrooms properties became 30.7% more expensive, prices of 3 bedrooms properties went up by 20%, prices of 4 bedrooms properties increased by 17.6%, 5 bedrooms properties became 32.3% more expensive. Housing inventory have changed in this real estate market: the quantity of 1 bedroom homes went up by 200%, volume of 2 bedrooms homes went down by 27.3%, 3 bedrooms homes became 8.2% less available, the quantity of 4 bedrooms homes went up by 2.2%, volume of 5 bedrooms homes went down by 12.5%. Cutler Bay, FL housing market in June 2022 saw over 14 listings sold above listed price, more than 4 sold at listed price and over 11 sold below.

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