Is Cypress, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$563/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cypress was $965,000 in March 2024, up 13.5% from last year, and the median price per square foot was $563.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $570K | $510K | -10.5% |
2 Bedrooms | $632.5K | $649K | +2.6% |
3 Bedrooms | $810K | $854.5K | +5.5% |
4 Bedrooms | $1.0M | $1.0M | +3.9% |
5+ Bedrooms | $1.2M | $1.2M | -3.1% |
Summary: Cypress housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.5%, 2 bedroom homes increased by 2.6%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 3.9%, and 5+ bedroom homes decreased by 3.1%.
Median Sold Price Compared To Nearby Cities
Los Alamitos | $1.1M | $1.3M | +19.3% |
Cypress | $850K | $965K | +13.5% |
La Palma | $957.5K | $1.0M | +6.2% |
Buena Park | $821.1K | $844.2K | +2.8% |
Housing Supply in Cypress, CA
How many homes are available in Cypress, CA?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
66 | 57 | -13.6% |
Summary: The Cypress real estate market had 57 homes for sale in March 2024, a 13.6% decrease compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 0 | -100.0% |
2 Bedrooms | 10 | 9 | -10.0% |
3 Bedrooms | 20 | 18 | -10.0% |
4 Bedrooms | 24 | 21 | -12.5% |
5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Cypress housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes decreased by 10%, 3 bedroom homes decreased by 10%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 29 | +52.6% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
18 Homes Were Sold
Over Asking
Summary: A total of 29 homes were sold or pending in Cypress in March 2024, up by 52.6% month-over-month. Of the 29 sold homes, 21% were sold under asking, 17% were sold at asking, and 62% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
30 Days | 20 Days | -32.0% |
Summary: Homes in Cypress had an average of 20 days on market in Mar 2024, down by 32% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 29 homes were sold in Cypress; 86% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 3% of homes were sold over 90 days.