Is Cutchogue, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cutchogue was a Seller's Market.
Key Takeaway
Cutchogue 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 Cutchogue, NY
How much do homes in Cutchogue, NY cost?
Median Sold Price
$1,300,000
$542/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cutchogue have sold for 21.4% more than they did a year ago.
Summary: The median home sold price in Cutchogue was $1,300,000 in April 2024, up 21.4% from last year, and the median price per square foot was $542.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $1.0M | $703.7K | -34.3% |
| 3 Bedrooms | $957.5K | $970K | +1.3% |
| 4 Bedrooms | $1.5M | $1.4M | -10.2% |
| 5+ Bedrooms | $600K | $2.2M | +275.0% |
Summary: Cutchogue housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 34.3%, 3 bedroom homes increased by 1.3%, 4 bedroom homes decreased by 10.2%, and 5+ bedroom homes increased by 275%.
Median Sold Price Compared To Nearby Neighborhoods
| Cutchogue | $1.0M | $1.3M | +21.4% |
| Mattituck | $930K | $950K | +2.2% |
Housing Supply in Cutchogue, NY
How many homes are available in Cutchogue, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 34 | 33 | -2.9% |
Summary: The Cutchogue real estate market had 33 homes for sale in April 2024, a 2.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 14 | 12 | -14.3% |
| 4 Bedrooms | 9 | 11 | +22.2% |
| 5+ Bedrooms | 7 | 6 | -14.3% |
Summary: The Cutchogue housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 14.3%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 14.3%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
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 April 2024, the same as the previous 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 23 Days | 94 Days | +304.6% |
Summary: Homes in Cutchogue had an average of 94 days on market in Apr 2024, up by 304.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cutchogue has remained consistent over time.
Summary: During April 2024, 5 homes were sold in Cutchogue; 0% of homes were sold within 30 days, 80% of homes were sold within 30 to 90 days, and 20% 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.