$4,097 Closing Credit*
$345,000
2,460 SqFt
4 Beds
•3 Full Baths
Yi French, Listing Office: JLA Realty
Is Villages of Cypress Lakes, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Villages of Cypress Lakes was a Neutral Market.
Key Takeaway
Villages of Cypress Lakes is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Villages of Cypress Lakes, TX
How much do homes in Villages of Cypress Lakes, TX cost?
Median Sold Price
$327,000
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$13,000(-3.8%)
Key Takeaway
Homes in Villages of Cypress Lakes have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Villages of Cypress Lakes was $327,000 in November 2024, down 3.8% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | - | N/A |
| 3 Bedrooms | $285K | $279.2K | -2.0% |
| 4 Bedrooms | $344.5K | $376K | +9.1% |
| 5+ Bedrooms | $402.5K | $382.4K | -5.0% |
Summary: Villages of Cypress Lakes housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 2%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes decreased by 5%.
Housing Supply in Villages of Cypress Lakes, TX
How many homes are available in Villages of Cypress Lakes, TX?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 17 | 21 | +23.5% |
Summary: The Villages of Cypress Lakes real estate market had 21 homes for sale in November 2024, a 23.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 2 | -33.3% |
| 4 Bedrooms | 9 | 14 | +55.6% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Villages of Cypress Lakes housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 33.3%, 4 bedroom homes increased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 4 | -20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Villages of Cypress Lakes, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Villages of Cypress Lakes in November 2024, down by 20.0% month-over-month. Of the 4 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Villages of Cypress Lakes, TX
How long does it take to sell a home in Villages of Cypress Lakes, TX?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 4 Days | 58 Days | +1188.9% |
Summary: Homes in Villages of Cypress Lakes had an average of 58 days on market in Nov 2024, up by 1188.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Villages of Cypress Lakes are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Villages of Cypress Lakes; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
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