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South Miami-Dade News

Friday, November 8, 2024

November 2021: Cutler Bay experienced a 28.8% increase in median home prices

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The median sale price of a home sold in November 2021 in Cutler Bay rose by $95,000 while total sales increased by 139.4%, according to BlockShopper.com.

In November 2021, there were 79 homes sold, with a median sale price of $425,000 - a 28.8% increase over the $330,000 median sale price for the same period of the previous year. There were 33 homes sold in Cutler Bay in November 2020.

The median sales tax in Cutler Bay for the most recent year with available data, 2019, was $2,943, approximately 0.7% of the median home sale price for November 2021.

The following table compares Cutler Bay to other Miami-Dade County cities with similar median sale prices in November 2021:

CityNov. 2021 Home SalesNov. 2020 Home Sales% change (Total Home Sales)Nov. 2021 Median Sales PriceNov. 2020 Median Sales Price% change (Median Sales Price)
South Miami (unincorporated) 412195.2%$480,000$685,000-29.9%
Virginia Gardens21100%$467,500$359,00030.2%
West Perrine152650%$461,000$162,500183.7%
Miami Beach341117191.5%$430,000$448,000-4%
Country Walk221637.5%$430,000$392,0009.7%
Cutler Bay7933139.4%$425,000$330,00028.8%
Doral1096275.8%$410,000$282,50045.1%
Miami Lakes231291.7%$405,000$410,000-1.2%
Miami719256180.9%$389,000$301,50029%
Palmetto Estates14875%$380,000$350,0008.6%
Opa-Locka (unincorporated) 94125%$375,000$291,50028.6%

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