Is Cutler Bay, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
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.
Housing Prices in Cutler Bay, FL
How much do homes in Cutler Bay, FL cost?
Median Sold Price
$550,000
$308/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cutler Bay have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Cutler Bay was $550,000 in April 2024, up 6.8% from last year, and the median price per square foot was $308.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $185K | $192K | +3.8% |
| 2 Bedrooms | $253.7K | $276K | +8.8% |
| 3 Bedrooms | $475K | $520K | +9.5% |
| 4 Bedrooms | $577.9K | $626K | +8.3% |
| 5+ Bedrooms | $830K | $837.5K | +0.9% |
Summary: Cutler Bay housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.8%, 2 bedroom homes increased by 8.8%, 3 bedroom homes increased by 9.5%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes increased by 0.9%.
Median Sold Price Compared To Nearby Cities
| Palmetto Bay | $963.2K | $1.1M | +14.2% |
| Princeton-Goulds | $463.2K | $510K | +10.1% |
| Kendall-Palmetto Bay | $703.6K | $773.9K | +10.0% |
| Cutler Bay | $515K | $550K | +6.8% |
Housing Supply in Cutler Bay, FL
How many homes are available in Cutler Bay, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 202 | 238 | +17.8% |
Summary: The Cutler Bay real estate market had 238 homes for sale in April 2024, a 17.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 4 | -20.0% |
| 2 Bedrooms | 17 | 25 | +47.1% |
| 3 Bedrooms | 90 | 104 | +15.6% |
| 4 Bedrooms | 55 | 66 | +20.0% |
| 5+ Bedrooms | 35 | 39 | +11.4% |
Summary: The Cutler Bay housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes increased by 47.1%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 11.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 32 | 44 | +37.5% |
Asking Price vs. Sold Price
32 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cutler Bay, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Cutler Bay in April 2024, up by 37.5% month-over-month. Of the 44 sold homes, 73% were sold under asking, 16% were sold at asking, and 11% were sold over asking.
Days on Market for Cutler Bay, FL
How long does it take to sell a home in Cutler Bay, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 38 Days | -2.3% |
Summary: Homes in Cutler Bay had an average of 38 days on market in Apr 2024, down by 2.3% compared to last year.
Breakdown of Home Sale Times
27 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cutler Bay are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 44 homes were sold in Cutler Bay; 61% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 16% of homes were sold over 90 days.
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The data relating to real estate for sale on this website comes in part from the Southwest Florida Multiple Listing Service. The information being provided is 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. Information has not been verified, is not guaranteed, and is subject to change. Real estate listings held by other brokerage firms other are marked with the IDX logo and detailed information about them includes the name of the listing brokers.