Is Cypress, CA a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Cypress is a seller's market


Difference Since February 2023

Since last year, Cypress has remained a Seller's Market.

Key Takeaway

Cypress is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cypress, CA

How much do homes in Cypress, CA cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since February 2023


Key Takeaway

Homes in Cypress have sold for 6.9% more than they did a year ago.

Summary: The median home sold price in Cypress was $930,000 in February 2024, up 6.9% from last year, and the median price per square foot was $565.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $537.5K$510K
2 $637.5K$620K
3 $810K$841K
4 $1.0M$1.0M
5+ $1.2M$1.2M

Summary: Cypress housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.1%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes increased by 3.8%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 5.9%.

Median Sold Price Compared To Nearby Cities

Los Alamitos
La Palma
Buena Park

Housing Supply in Cypress, CA

How many homes are available in Cypress, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE

Summary: The Cypress real estate market had 57 homes for sale in February 2024, a 14.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 11
2 610
3 1618
4 1717
5+ 1011

Summary: The Cypress housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 66.7%, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

11 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cypress, you could pay more than the asking price. 64.7% of homes here sold above asking price last month.

Summary: A total of 17 homes were sold or pending in Cypress in February 2024, up by 54.5% month-over-month. Of the 17 sold homes, 18% were sold under asking, 18% were sold at asking, and 65% 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

Feb 2023Feb 2024CHANGE
32 Days22 Days-32.0%

Summary: Homes in Cypress had an average of 22 days on market in Feb 2024, down by 32% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cypress are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 17 homes were sold in Cypress; 71% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Cypress, CA

Nearby Markets to Cypress, CA

What housing markets are near Cypress, CA?