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 March 2023
At the same time last year, West Cutler Area was a Seller's Market.
Key Takeaway
West Cutler Area is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Cutler Area, FL
How much do homes in West Cutler Area, FL cost?
Median Sold Price
$2,618,000
$888/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in West Cutler Area have sold for 24.7% more than they did a year ago.
Summary: The median home sold price in West Cutler Area was $2,618,000 in March 2024, up 24.7% from last year, and the median price per square foot was $888.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $200K | $286.4K | +43.2% |
| 2 Bedrooms | $370.5K | $372.5K | 0.5% |
| 3 Bedrooms | $1.7M | $1.7M | +2.9% |
| 4 Bedrooms | $1.9M | $2.8M | +42.1% |
| 5+ Bedrooms | $5.1M | $6.1M | +20.6% |
Summary: West Cutler Area housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.2%, 2 bedroom homes increased by 0.5%, 3 bedroom homes increased by 2.9%, 4 bedroom homes increased by 42.1%, and 5+ bedroom homes increased by 20.6%.
Median Sold Price Compared To Nearby Neighborhoods
| West Cutler Area | $2.1M | $2.6M | +24.7% |
| Ponce / Davis | $3.6M | $3.3M | -6.3% |
Housing Supply in West Cutler Area, FL
How many homes are available in West Cutler Area, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 51 | 52 | +2.0% |
Summary: The West Cutler Area real estate market had 52 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 7 | 7 | 0.0% |
| 4 Bedrooms | 11 | 9 | -18.2% |
| 5+ Bedrooms | 32 | 35 | +9.4% |
Summary: The West Cutler Area housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes increased by 9.4%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 2 | 8 | +300.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was 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 8 homes were sold or pending in West Cutler Area in March 2024, up by 300.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 117 Days | 36 Days | -68.9% |
Summary: Homes in West Cutler Area had an average of 36 days on market in Mar 2024, down by 68.9% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was 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 March 2024, 8 homes were sold in West Cutler Area; 63% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 13% 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.