Is Cypress Lake, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Cypress Lake was a Seller's Market.
Key Takeaway
Cypress Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cypress Lake, FL
How much do homes in Cypress Lake, FL cost?
Median Sold Price
$255,000
$219/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Cypress Lake have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Cypress Lake was $255,000 in March 2024, down 2.7% from last year, and the median price per square foot was $219.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $152.4K | $156K | +2.3% |
| 2 Bedrooms | $245.8K | $234.8K | -4.5% |
| 3 Bedrooms | $350K | $337K | -3.7% |
| 4 Bedrooms | $530K | $480K | -9.4% |
| 5+ Bedrooms | $610K | $620K | +1.6% |
Summary: Cypress Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 2.3%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 9.4%, and 5+ bedroom homes increased by 1.6%.
Median Sold Price Compared To Nearby Neighborhoods
| Whiskey Creek | $335K | $382K | +14.0% |
| Villas | $245K | $270K | +10.2% |
| Cypress Lake | $262K | $255K | -2.7% |
| McGregor | $422K | $387K | -8.3% |
Housing Supply in Cypress Lake, FL
How many homes are available in Cypress Lake, FL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 291 | 315 | +8.2% |
Summary: The Cypress Lake real estate market had 315 homes for sale in March 2024, a 8.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 25 | 27 | +8.0% |
| 2 Bedrooms | 179 | 202 | +12.8% |
| 3 Bedrooms | 78 | 78 | 0.0% |
| 4 Bedrooms | 6 | 8 | +33.3% |
| 5+ Bedrooms | 3 | 0 | -100.0% |
Summary: The Cypress Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 8%, 2 bedroom homes increased by 12.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 40 | 37 | -7.5% |
Asking Price vs. Sold Price
28 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cypress Lake, you may be able to get a good deal. 75.7% of homes here sold below asking price last month.
Summary: A total of 37 homes were sold or pending in Cypress Lake in March 2024, down by 7.5% month-over-month. Of the 37 sold homes, 76% were sold under asking, 16% were sold at asking, and 8% were sold over asking.
Days on Market for Cypress Lake, FL
How long does it take to sell a home in Cypress Lake, FL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 23 Days | 59 Days | +157.8% |
Summary: Homes in Cypress Lake had an average of 59 days on market in Mar 2024, up by 157.8% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cypress Lake are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 37 homes were sold in Cypress Lake; 49% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
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