$5,166 Closing Credit*
$435,000
1,980 SqFt
4 Beds
•2 Full Baths
Anabel Morales, Listing Office: LA ROSA REALTY KENDALL, LLC.
Is Cypress Lake, FL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Cypress Lake has remained a Seller's Market.
Key Takeaway
Cypress Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Cypress Lake, FL
How much do homes in Cypress Lake, FL cost?
Median Sold Price
$363,000
$257/sqft
Based on all homes sold in August 2024.
Difference Since Last Month
+$34,000(+10.3%)
Key Takeaway
Homes in Cypress Lake have sold for 10.3% more than they did a month ago.
Summary: The median home sold price in Cypress Lake was $363,000 in August 2024, up 10.3% from last month, and the median price per square foot was $257.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $317K | $339K | +6.9% |
| 3 Bedrooms | - | $364K | N/A |
| 4 Bedrooms | $355K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Cypress Lake housing prices by bedroom type for August 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 6.9%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Cypress Lake | $329K | $363K | +10.3% |
| Strafford Park | $545K | $410K | -24.8% |
Housing Supply in Cypress Lake, FL
How many homes are available in Cypress Lake, FL?
Number of Homes For Sale
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 11 | 8 | -27.3% |
Summary: The Cypress Lake real estate market had 8 homes for sale in August 2024, a 27.3% decrease compared to July 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 2 | -50.0% |
| 3 Bedrooms | 2 | 3 | +50.0% |
| 4 Bedrooms | 5 | 3 | -40.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Cypress Lake housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes increased by 50%, 4 bedroom homes decreased by 40%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 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. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Cypress Lake in August 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% 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
| Jul 2024 | Aug 2024 | CHANGE |
|---|---|---|
| 12 Days | 24 Days | +97.3% |
Summary: Homes in Cypress Lake had an average of 24 days on market in Aug 2024, up by 97.3% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Cypress Lake are selling fast, if you're buying plan to act quickly.
Summary: During August 2024, 3 homes were sold in Cypress Lake; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
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