New Downward Trend in Home Prices for Cutchogue Real Estate Market

The Cutchogue market pulled back with a 20.0% sales drop in this week's report. Overall sales numbers for the last 30 days fell below the 4.5 monthly average with four homes sold. Meanwhile, close-by Southold reported 16 homes sales, the highest number from all the surrounding cities. Prices fell lower as this week's reported median sales price of $370,500 continued a four-week downward trend. With prices falling, the availability of 10 months of inventory means that Cutchogue is a definite buyer's market.

Trying to find an affordable a home? Take a look at these low-priced listings in Cutchogue:

$435K   $550K   $575K  

Get started right now by checking out Cutchogue homes for sale or reviewing Cutchogue real estate trends.

Demographic facts for Cutchogue:

  • The median value of all homes in the area is $510,900.
  • Average number of rainy days is 115 per year. (U.S. average: 100)
  • The area's unemployment rate is 7.0%.
  • There are 12.4 students for every teacher. (15.3 = national average)

Data reported through 10/12/2016

Comments:

Ask a local expert about this area:
Abatelli Realty Co Inc
Snapped 10 homes in this area
Abatelli Realty Co Inc
Snapped 1 home in this area

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