Is Cypress Knoll, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Cypress Knoll was a Seller's Market.
Key Takeaway
Cypress Knoll is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cypress Knoll, FL
How much do homes in Cypress Knoll, FL cost?
Median Sold Price
$437,000
$213/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Cypress Knoll have sold for 5.9% more than they did a year ago.
Summary: The median home sold price in Cypress Knoll was $437,000 in April 2024, up 5.9% from last year, and the median price per square foot was $213.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.4K | $141.5K | -7.2% |
| 2 Bedrooms | $178.2K | $170K | -4.6% |
| 3 Bedrooms | $400K | $425K | +6.3% |
| 4 Bedrooms | $466.5K | $487.5K | +4.5% |
| 5+ Bedrooms | $524.5K | $592K | +12.9% |
Summary: Cypress Knoll housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.2%, 2 bedroom homes decreased by 4.6%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Cypress Knoll | $412.5K | $437K | +5.9% |
| Lehigh Woods | $334.9K | $327.9K | -2.1% |
| Pine Grove - Belle Terre | $336.2K | $327.9K | -2.5% |
Housing Supply in Cypress Knoll, FL
How many homes are available in Cypress Knoll, FL?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 74 | +13.8% |
Summary: The Cypress Knoll real estate market had 74 homes for sale in April 2024, a 13.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 11 | 10 | -9.1% |
| 3 Bedrooms | 30 | 34 | +13.3% |
| 4 Bedrooms | 19 | 25 | +31.6% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Cypress Knoll housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 31.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Cypress Knoll, you may be able to get a good deal. 77.8% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in Cypress Knoll in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 78% were sold under asking, 11% were sold at asking, and 11% were sold over asking.
Days on Market for Cypress Knoll, FL
How long does it take to sell a home in Cypress Knoll, FL?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 70 Days | +1.4% |
Summary: Homes in Cypress Knoll had an average of 70 days on market in Apr 2024, up by 1.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cypress Knoll has remained consistent over time.
Summary: During April 2024, 9 homes were sold in Cypress Knoll; 22% of homes were sold within 30 days, 44% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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Copyright © 2024 Multiple Listing Service of South Brevard, Inc. and Space Coast Association of REALTORS, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity™ Program of Space Coast Multiple Listing Service. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed. Real estate listings held by brokerage firms other this broker are marked with the Broker Reciprocity™ logo or the Broker Reciprocity™ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some properties which appear for sale on this web site may subsequently have sold and may no longer be available.