$1,532 Closing Credit*
$129,000
562 SqFt
1 Bed
•1 Full Bath
Christopher Zeto, Listing Office: Premiere Plus Realty Company
Is Cypress Lake, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Cypress Lake was a Neutral Market.
Key Takeaway
Cypress Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Cypress Lake, FL
How much do homes in Cypress Lake, FL cost?
Median Sold Price
$250,000
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$9,962(-3.8%)
Key Takeaway
Homes in Cypress Lake have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Cypress Lake was $250,000 in October 2024, down 3.8% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $153.2K | -1.1% |
| 2 Bedrooms | $244.7K | $225K | -8.1% |
| 3 Bedrooms | $350K | $320K | -8.6% |
| 4 Bedrooms | $505K | $450K | -10.9% |
| 5+ Bedrooms | $775K | $620K | -20.0% |
Summary: Cypress Lake housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.1%, 2 bedroom homes decreased by 8.1%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes decreased by 10.9%, and 5+ bedroom homes decreased by 20%.
Median Sold Price Compared To Nearby Neighborhoods
| McGregor | $380K | $392K | +3.2% |
| Whiskey Creek | $360K | $354K | -1.7% |
| Cypress Lake | $259.9K | $250K | -3.8% |
| Villas | $270.5K | $246.9K | -8.7% |
Housing Supply in Cypress Lake, FL
How many homes are available in Cypress Lake, FL?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 243 | 255 | +4.9% |
Summary: The Cypress Lake real estate market had 255 homes for sale in October 2024, a 4.9% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 17 | +6.3% |
| 2 Bedrooms | 144 | 155 | +7.6% |
| 3 Bedrooms | 69 | 71 | +2.9% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Cypress Lake housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.3%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 2.9%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 29 | 8 | -72.4% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Cypress Lake, you may be able to get a good deal. 87.5% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Cypress Lake in October 2024, down by 72.4% month-over-month. Of the 8 sold homes, 88% were sold under asking, 13% were sold at asking, and 0% were sold over asking.
Days on Market for Cypress Lake, FL
How long does it take to sell a home in Cypress Lake, FL?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 45 Days | 72 Days | +59.4% |
Summary: Homes in Cypress Lake had an average of 72 days on market in Oct 2024, up by 59.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Cypress Lake has remained consistent over time.
Summary: During October 2024, 8 homes were sold in Cypress Lake; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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