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South Miami-Dade News

Wednesday, November 6, 2024

Cutler Bay home prices fall in October 2019

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The median sale price of a home sold in October 2019 in Cutler Bay fell by $3,000 while total sales increased by 2%, according to BlockShopper.com.

In October 2019, there were 100 homes sold, with a median sale price of $281,500 - a 1.1% decrease over the $284,500 median sale price for the same period of the previous year. There were 98 homes sold in Cutler Bay in October 2018.

The median sales tax in Cutler Bay for the most recent year with available data, 2015, was $2,406, approximately 0.9% of the median home sale price for October 2019.

The following table compares Cutler Bay to other Miami-Dade County cities with similar median sales prices in October 2019:

CityOct. 2019 Home SalesOct. 2018 Home Sales% change (Total Home Sales)Oct. 2019 Median Sales PriceOct. 2018 Median Sales Price% change (Median Sales Price)
Richmond Heights610-40%$299,000$257,50016.1%
Miami546593-7.9%$298,750$277,9007.5%
Doral76103-26.2%$291,750$255,00014.4%
Virginia Gardens13-66.7%$290,000$415,000-30.1%
Kendall137140-2.1%$283,000$273,0003.7%
Cutler Bay100982%$281,500$284,500-1.1%
Hialeah (unincorporated) 5371-25.4%$280,100$184,00052.2%
North Miami Beach4359-27.1%$280,000$230,40021.5%
West Perrine18180%$277,500$228,00021.7%
Sunny Isles Beach5763-9.5%$275,000$332,000-17.2%
North Bay Village2325-8%$260,000$165,00057.6%

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