Is Cypress, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Cypress has remained a Seller's Market.
Housing Prices in Cypress, CA
How much do homes in Cypress, CA cost?
Median Sold Price
$980,000
$566/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Cypress was $980,000 in May 2024, up 15.3% from last year, and the median price per square foot was $566.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $465K | $510K | +9.7% |
2 Bedrooms | $630K | $680K | +7.9% |
3 Bedrooms | $800K | $877.8K | +9.7% |
4 Bedrooms | $1.0M | $1.0M | +4.5% |
5+ Bedrooms | $1.2M | $1.2M | +2.4% |
Summary: Cypress housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 9.7%, 2 bedroom homes increased by 7.9%, 3 bedroom homes increased by 9.7%, 4 bedroom homes increased by 4.5%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
Los Alamitos | $1.1M | $1.4M | +18.6% |
Cypress | $850K | $980K | +15.3% |
La Palma | $962.5K | $1.0M | +10.1% |
Buena Park | $810.8K | $860K | +6.1% |
Hawaiian Gardens | $535K | $557.5K | +4.2% |
Housing Supply in Cypress, CA
How many homes are available in Cypress, CA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
56 | 48 | -14.3% |
Summary: The Cypress real estate market had 48 homes for sale in May 2024, a 14.3% decrease 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 | 8 | 4 | -50.0% |
3 Bedrooms | 20 | 20 | 0.0% |
4 Bedrooms | 22 | 20 | -9.1% |
5+ Bedrooms | 6 | 4 | -33.3% |
Summary: The Cypress 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 decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 9.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
21 | 16 | -23.8% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Cypress in May 2024, down by 23.8% month-over-month. Of the 16 sold homes, 0% were sold under asking, 6% were sold at asking, and 94% were sold over asking.
Days on Market for Cypress, CA
How long does it take to sell a home in Cypress, CA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
16 Days | 12 Days | -25.1% |
Summary: Homes in Cypress had an average of 12 days on market in May 2024, down by 25.1% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 16 homes were sold in Cypress; 88% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.