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 May 2023
At the same time last year, Villages of Cypress Lakes was 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
$330,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Villages of Cypress Lakes was $330,000 in May 2024, down 2.9% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | - | - | N/A |
3 Bedrooms | $276K | $304.7K | +10.4% |
4 Bedrooms | $341K | $347K | +1.8% |
5+ Bedrooms | $420K | $387.4K | -7.8% |
Summary: Villages of Cypress Lakes housing prices by bedroom type for May 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 10.4%, 4 bedroom homes increased by 1.8%, and 5+ bedroom homes decreased by 7.8%.
Housing Supply in Villages of Cypress Lakes, TX
How many homes are available in Villages of Cypress Lakes, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
15 | 17 | +13.3% |
Summary: The Villages of Cypress Lakes real estate market had 17 homes for sale in May 2024, a 13.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 0 | 0 | 0.0% |
3 Bedrooms | 4 | 3 | -25.0% |
4 Bedrooms | 9 | 12 | +33.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Villages of Cypress Lakes housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
7 | 2 | -71.4% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Villages of Cypress Lakes in May 2024, down by 71.4% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 6 Days | -18.8% |
Summary: Homes in Villages of Cypress Lakes had an average of 6 days on market in May 2024, down by 18.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 2 homes were sold in Villages of Cypress Lakes; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.