The Cypress Springs housing market is very competitive. The median sale price of a home in Cypress Springs was $570K last month, up 36.7% since last year. The median sale price per square foot in Cypress Springs is $220, up 5.5% since last year.
What is the housing market like in Cypress Springs today?
In March 2024, Cypress Springs home prices were up 36.7% compared to last year, selling for a median price of $570K. On average, homes in Cypress Springs sell after 12 days on the market compared to 21 days last year. There were 7 homes sold in March this year, up from 6 last year.
All Home Types
Median Sale PriceAll Home Types
Median Sale Price
(All Home Types)
$570,000
+36.7% YoY | Mar 2024
Based on Redfin calculations of home data from MLS and/or public records.
Location
Data
Mar 2024
Growth
% YoY
Cypress Springs, FL
$570,000
+36.7%
United States
To compare other locations to the Cypress Springs and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Alafaya add value to a home.
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How hot is the Cypress Springs housing market?
Cypress Springs is very competitive. Homes sell in 15 days.
0
100
74
Very Competitive
Redfin Compete Score™
The Redfin Compete Score rates how competitive an area is on a scale of 0 to 100, where 100 is the most competitive.
Calculated over the last 9 months
Many homes get multiple offers, some with waived contingencies.
The average homes sell for about 2% below list price and go pending in around 15 days.
Hot homes
can sell for around list price and go pending in around 5 days.
School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.
Climate's impact on Cypress Springs housing
Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that
could impact homes in Cypress Springs.
Risk Factor
Flood Factor - Minor
4% of properties are at risk of severe flooding over the next 30 years
Flood Factor
Cypress Springs has a minor risk of flooding. 24 properties in Cypress Springs are likely to be
severely affected
by flooding over the next 30 years. This represents 4% of all properties in Cypress Springs. Flood risk is increasing slower than the national average.
99% of properties are at risk of wildfire over the next 30 years
Fire Factor
Cypress Springs has a major risk of wildfire. There are 1,703 properties in Cypress Springs that have some risk of being affected by wildfire over the next 30 years. This represents 99% of all properties in Cypress Springs.
100% of properties are at extreme
risk of a severe wind event over the next 30 years
Wind Factor
Cypress Springs has an Extreme Wind Factor® risk based on the projected likelihood and speed of hurricane, tornado, or severe storm winds impacting it. Cypress Springs is most at risk from hurricanes. 1,707 properties in Cypress Springs have some risk of being in a severe wind event within the next 30 years.
Wind likelihood over time
If an exceedingly rare windstorm
(a 1-in-3,000 year storm event)
occurred today, it could cause wind gusts of up to 137 mph. In 30 years, an event of this same likelihood would show increased wind gusts of up to 148 mph.
79% of properties are at extreme
risk of heat over the next 30 years
Heat Factor
Cypress Springs has an extreme risk from heat. This is due to
"feels like" temperatures
increasing, and because 79% of homes in Cypress Springs have an Extreme Heat Factor®.
Cypress Springs is expected to see a 228% increase in the number of days over 108ºF over the next 30 years. Cypress Springs is expected to experience 8