Is Cypress Cove, TX a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cypress Cove is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Cypress Cove was a Buyer's Market.

Key Takeaway

Cypress Cove is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Cypress Cove, TX

How much do homes in Cypress Cove, TX cost?

Median Sold Price

$320,000

$219/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$50(0.0%)

Key Takeaway

The sold price of homes in Cypress Cove has remained the same since last year.

Summary: The median home sold price in Cypress Cove was $320,000 in October 2024, the same as last year, and the median price per square foot was $219.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $290K$250K
-13.8%
3 $319.9K$319K
-0.3%
4 $367K$465K
+26.7%
5+ --
N/A

Summary: Cypress Cove housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.8%, 3 bedroom homes decreased by 0.3%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Neighborhoods

Cypress Cove
0.0%
Mystic Shores at Canyon Lake
-15.0%

Housing Supply in Cypress Cove, TX

How many homes are available in Cypress Cove, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3334+3.0%

Summary: The Cypress Cove real estate market had 34 homes for sale in October 2024, a 3.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 23
+50.0%
3 2528
+12.0%
4 63
-50.0%
5+ 00
0.0%

Summary: The Cypress Cove 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 increased by 50%, 3 bedroom homes increased by 12%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
46+50.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cypress Cove, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Cypress Cove in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cypress Cove, TX

How long does it take to sell a home in Cypress Cove, TX?

Average Sale Time

Oct 2023Oct 2024CHANGE
92 Days125 Days+36.8%

Summary: Homes in Cypress Cove had an average of 125 days on market in Oct 2024, up by 36.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

4 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Cypress Cove are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 6 homes were sold in Cypress Cove; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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 4 Days Ago

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