Is Cypress, CA 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, Cypress has remained a Seller's Market.
Housing Prices in Cypress, CA
How much do homes in Cypress, CA cost?
Median Sold Price
$965,000
$565/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Cypress was $965,000 in April 2024, up 13.5% from last year, and the median price per square foot was $565.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $570K | $510K | -10.5% |
2 Bedrooms | $632.5K | $662.5K | +4.7% |
3 Bedrooms | $800K | $878.9K | +9.9% |
4 Bedrooms | $1.0M | $1.0M | +2.9% |
5+ Bedrooms | $1.2M | $1.2M | +2.4% |
Summary: Cypress housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 4.7%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Cypress | $850K | $965K | +13.5% |
La Palma | $970K | $1.0M | +6.9% |
Buena Park | $815K | $851.2K | +4.4% |
Housing Supply in Cypress, CA
How many homes are available in Cypress, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
67 | 55 | -17.9% |
Summary: The Cypress real estate market had 55 homes for sale in April 2024, a 17.9% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 7 | -30.0% |
3 Bedrooms | 21 | 19 | -9.5% |
4 Bedrooms | 27 | 21 | -22.2% |
5+ Bedrooms | 9 | 8 | -11.1% |
Summary: The Cypress housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 30%, 3 bedroom homes decreased by 9.5%, 4 bedroom homes decreased by 22.2%, and 5+ bedroom homes decreased by 11.1%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
32 | 20 | -37.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 20 homes were sold or pending in Cypress in April 2024, down by 37.5% month-over-month. Of the 20 sold homes, 20% were sold under asking, 20% were sold at asking, and 60% were sold over asking.
Days on Market for Cypress, CA
How long does it take to sell a home in Cypress, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
47 Days | 17 Days | -64.3% |
Summary: Homes in Cypress had an average of 17 days on market in Apr 2024, down by 64.3% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in Cypress; 80% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.