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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cypress is a seller's market

Buyer'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

$930,000

$565/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$60,000(+6.9%)

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
-5.1%
2 $637.5K$620K
-2.7%
3 $810K$841K
+3.8%
4 $1.0M$1.0M
+1.8%
5+ $1.2M$1.2M
-5.9%

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
+28.6%
Cypress
+6.9%
La Palma
0.5%
Buena Park
0.4%

Housing Supply in Cypress, CA

How many homes are available in Cypress, CA?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
5057+14.0%

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
0.0%
2 610
+66.7%
3 1618
+12.5%
4 1717
0.0%
5+ 1011
+10.0%

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
1117+54.5%

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

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