Is Cypress, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$930,000
$565/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $537.5K | $510K | -5.1% |
2 Bedrooms | $637.5K | $620K | -2.7% |
3 Bedrooms | $810K | $841K | +3.8% |
4 Bedrooms | $1.0M | $1.0M | +1.8% |
5+ Bedrooms | $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 | $1.0M | $1.3M | +28.6% |
Cypress | $870K | $930K | +6.9% |
La Palma | $975K | $980K | 0.5% |
Buena Park | $826.8K | $830K | 0.4% |
Housing Supply in Cypress, CA
How many homes are available in Cypress, CA?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
50 | 57 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 10 | +66.7% |
3 Bedrooms | 16 | 18 | +12.5% |
4 Bedrooms | 17 | 17 | 0.0% |
5+ Bedrooms | 10 | 11 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 17 | +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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
32 Days | 22 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
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.