Cypress Mill and Cypress Creek: Prices Dip as Sales Speed Up

Median home prices in Cypress Mill and Cypress Creek fell to $480,250 over the trailing 12 months, down 6% from the prior period. This shift occurred alongside a significant acceleration in sales velocity, with homes spending just 26 days on market compared to 36 days previously. The data reflects a tightening of inventory and faster decision-making among buyers in this Cedar Park area. Across 55 closed sales, the median price per square foot rose slightly to $208, up 1% from the prior window. Homes sold for 97.2% of their original list price on average, an improvement over the 95.3% seen in the previous period. The share of homes selling below the original list price dropped to 67%, down from 77.6%, indicating a more competitive environment for sellers who price correctly. The median living area for sold homes decreased to 2,448 square feet, a 4% drop from the prior period. This suggests buyers are prioritizing location and value over size in the current market conditions. With only nine active listings remaining today, the market remains lean, supporting the observed speed of transactions despite the price correction. ALEX Intelligence analyzed these trends to highlight how reduced inventory is driving faster closings even as prices adjust downward. The data shows a market where buyers are moving quickly on well-priced properties, while sellers face a more selective environment than in previous years. Want to see this home? Call or text George at 713.918.9951 for a private showing. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog