January 2021: Home prices in Cutler Bay increased

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The median sale price of a home sold in January 2021 in Cutler Bay rose by $33,800 while total sales decreased by 73.8%, according to BlockShopper.com.

In January 2021, there were 22 homes sold, with a median sale price of $319,300 - a 11.8% increase over the $285,500 median sale price for the same period of the previous year. There were 84 homes sold in Cutler Bay in January 2020.

The median sales tax in Cutler Bay for the most recent year with available data, 2019, was $2,943, approximately 0.9% of the median home sale price for January 2021.

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

CityJan. 2021 Home SalesJan. 2020 Home Sales% change (Total Home Sales)Jan. 2021 Median Sales PriceJan. 2020 Median Sales Price% change (Median Sales Price)
Country Walk435-88.6%$360,000$350,5002.7%
Palmetto Estates621-71.4%$345,000$300,00015%
Homestead (unincorporated) 2594-73.4%$340,000$270,00025.9%
Miami Gardens22165-86.7%$334,500$219,00052.7%
Cutler Bay2284-73.8%$319,300$285,50011.8%
Richmond Heights212-83.3%$310,000$277,50011.7%
North Miami2695-72.6%$300,000$203,00047.8%
North Bay Village923-60.9%$265,000$275,000-3.6%

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