Is Cypress, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$975,000
$566/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Cypress was $975,000 in June 2024, up 15.5% from last year, and the median price per square foot was $566.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $452K | $510K | +12.8% |
2 Bedrooms | $615K | $695K | +13.0% |
3 Bedrooms | $785.2K | $877.8K | +11.8% |
4 Bedrooms | $1.0M | $1.0M | +4.4% |
5+ Bedrooms | $1.2M | $1.2M | +4.2% |
Summary: Cypress housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.8%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 11.8%, 4 bedroom homes increased by 4.4%, and 5+ bedroom homes increased by 4.2%.
Median Sold Price Compared To Nearby Cities
Los Alamitos | $1.2M | $1.4M | +16.9% |
Cypress | $844K | $975K | +15.5% |
La Palma | $970K | $1.0M | +11.6% |
Buena Park | $810K | $870K | +7.4% |
Housing Supply in Cypress, CA
How many homes are available in Cypress, CA?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
61 | 70 | +14.8% |
Summary: The Cypress real estate market had 70 homes for sale in June 2024, a 14.8% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 8 | 8 | 0.0% |
3 Bedrooms | 26 | 34 | +30.8% |
4 Bedrooms | 22 | 21 | -4.5% |
5+ Bedrooms | 5 | 7 | +40.0% |
Summary: The Cypress housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 30.8%, 4 bedroom homes decreased by 4.5%, and 5+ bedroom homes increased by 40%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
16 | 25 | +56.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Cypress in June 2024, up by 56.3% month-over-month. Of the 25 sold homes, 28% were sold under asking, 4% were sold at asking, and 68% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
10 Days | 16 Days | +62.8% |
Summary: Homes in Cypress had an average of 16 days on market in Jun 2024, up by 62.8% compared to last year.
Breakdown of Home Sale Times
22 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During June 2024, 25 homes were sold in Cypress; 88% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.