Is Villages of Cypress Lakes, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Villages of Cypress Lakes has remained a Seller's Market.
Housing Prices in Villages of Cypress Lakes, TX
How much do homes in Villages of Cypress Lakes, TX cost?
Median Sold Price
$336,500
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Villages of Cypress Lakes was $336,500 in April 2024, down 1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $280.5K | $307.3K | +9.6% |
4 Bedrooms | $340K | $348K | +2.4% |
5+ Bedrooms | $415K | $389.9K | -6.0% |
Summary: Villages of Cypress Lakes housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 9.6%, 4 bedroom homes increased by 2.4%, and 5+ bedroom homes decreased by 6%.
Housing Supply in Villages of Cypress Lakes, TX
How many homes are available in Villages of Cypress Lakes, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
11 | 16 | +45.5% |
Summary: The Villages of Cypress Lakes real estate market had 16 homes for sale in April 2024, a 45.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 3 | 5 | +66.7% |
4 Bedrooms | 6 | 9 | +50.0% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Villages of Cypress Lakes 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 remained the same, 3 bedroom homes increased by 66.7%, 4 bedroom homes increased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 7 | +75.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Villages of Cypress Lakes in April 2024, up by 75.0% month-over-month. Of the 7 sold homes, 71% were sold under asking, 14% were sold at asking, and 14% were sold over asking.
Days on Market for Villages of Cypress Lakes, TX
How long does it take to sell a home in Villages of Cypress Lakes, TX?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
9 Days | 31 Days | +233.7% |
Summary: Homes in Villages of Cypress Lakes had an average of 31 days on market in Apr 2024, up by 233.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Villages of Cypress Lakes; 71% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.