Is Cypress Cove, TX 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 Cove was a Seller's Market.
Housing Prices in Cypress Cove, TX
How much do homes in Cypress Cove, TX cost?
Median Sold Price
$315,000
$224/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Cypress Cove was $315,000 in March 2024, down 7.4% from last year, and the median price per square foot was $224.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $286.9K | $270K | -5.9% |
3 Bedrooms | $339K | $315K | -7.1% |
4 Bedrooms | $424.9K | $367K | -13.6% |
5+ Bedrooms | - | - | N/A |
Summary: Cypress Cove housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 5.9%, 3 bedroom homes decreased by 7.1%, 4 bedroom homes decreased by 13.6%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
Cypress Cove | $340K | $315K | -7.4% |
Mystic Shores at Canyon Lake | $861.2K | $773.2K | -10.2% |
Housing Supply in Cypress Cove, TX
How many homes are available in Cypress Cove, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
35 | 43 | +22.9% |
Summary: The Cypress Cove real estate market had 43 homes for sale in March 2024, a 22.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 26 | 33 | +26.9% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cypress Cove housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 26.9%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Cypress Cove in March 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% were sold at asking, and 0% were sold over asking.
Days on Market for Cypress Cove, TX
How long does it take to sell a home in Cypress Cove, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
56 Days | 76 Days | +35.3% |
Summary: Homes in Cypress Cove had an average of 76 days on market in Mar 2024, up by 35.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Cypress Cove; 20% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.