Is Cypress Knoll, FL a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cypress Knoll is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Cypress Knoll was a Seller's Market.

Key Takeaway

Cypress Knoll is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cypress Knoll, FL

How much do homes in Cypress Knoll, FL cost?

Median Sold Price

$445,000

$212/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$10,000(+2.3%)

Key Takeaway

Homes in Cypress Knoll have sold for 2.3% more than they did a year ago.

Summary: The median home sold price in Cypress Knoll was $445,000 in October 2024, up 2.3% from last year, and the median price per square foot was $212.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $145K$141.5K
-2.4%
2 $166K$170K
+2.4%
3 $435K$436K
0.2%
4 $443.5K$500K
+12.7%
5+ $630K$588.5K
-6.6%

Summary: Cypress Knoll housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.4%, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 0.2%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes decreased by 6.6%.

Median Sold Price Compared To Nearby Neighborhoods

Cypress Knoll
+2.3%
Lehigh Woods
-1.5%
Pine Grove - Belle Terre
-1.6%

Housing Supply in Cypress Knoll, FL

How many homes are available in Cypress Knoll, FL?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
60600.0%

Summary: The Cypress Knoll real estate market had 60 homes for sale in October 2024, the same as September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 22
0.0%
2 55
0.0%
3 2730
+11.1%
4 2421
-12.5%
5+ 22
0.0%

Summary: The Cypress Knoll housing inventory by bedroom type for October 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 11.1%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
75-28.6%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cypress Knoll, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Cypress Knoll in October 2024, down by 28.6% 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 Knoll, FL

How long does it take to sell a home in Cypress Knoll, FL?

Average Sale Time

Oct 2023Oct 2024CHANGE
41 Days46 Days+11.2%

Summary: Homes in Cypress Knoll had an average of 46 days on market in Oct 2024, up by 11.2% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Cypress Knoll are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 5 homes were sold in Cypress Knoll; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 21 Days Ago

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