Cypress, TX Real Estate & Homes for Sale

Cypress, TX Housing Market Trends

The Cypress housing market is somewhat competitive, with homes receiving an average of two offers and selling in about 41 days. The median sale price dropped to $377K last month, down 2.1% from last year, while the median price per square foot decreased slightly by 0.91% to $163. This suggests a slight cooling in prices, though steady buyer activity keeps the market moving at a moderate pace.

Cypress has a mix of older and newer developments, some of which are located in flood-prone areas due to the region’s flat terrain and proximity to bayous. After Hurricane Harvey, many buyers became more flood-conscious. It's critical to check FEMA flood maps, confirm flood insurance requirements, and review neighborhood drainage improvements. Newer communities often have updated retention systems, but not all areas offer the same level of protection.

Cypress is known for its extensive master-planned developments like Bridgeland, Towne Lake, and Fairfield. These communities offer resort-style amenities, high walkability, and strong resale value—but they also come with strict HOA regulations. Buyers should carefully review HOA covenants, monthly dues, and any restrictions on exterior modifications, short-term rentals, or business use. This affects both lifestyle and long-term flexibility.

The Cypress-Fairbanks Independent School District (Cy-Fair ISD) is one of the largest in Texas, but not all campuses are rated equally. Since school zoning can significantly influence property value and resale appeal, buyers should verify which specific schools a property is zoned to and compare their TEA performance scores. Families planning long-term stays often prioritize homes zoned to top-rated elementary and high schools.

Cypress offers suburban living with access to Houston via Highway 290 and the Grand Parkway (SH 99), but traffic congestion remains a real concern during peak hours. Buyers commuting downtown or to the Energy Corridor should consider proximity to these major routes and assess their daily drive time. Future road expansions and toll costs may also influence location preferences and property value.

The Cypress market includes a strong mix of brand-new builds and established resale homes. New construction offers customization and energy efficiency, but may come with higher tax assessments and additional builder fees. Resale homes often have mature trees, larger lots, and fewer hidden costs—but may require updates. Understanding your maintenance tolerance and long-term financial plans will help guide the right choice.

While Texas has no state income tax, property taxes can be high—especially in newer Cypress developments with Municipal Utility District (MUD) or Tax Increment Reinvestment Zone (TIRZ) assessments. These additional taxes fund infrastructure and utilities but can add thousands annually to your bill. Buyers must factor this into their mortgage planning, and review tax rates by neighborhood to avoid surprises.

Cypress, TX Guide

Discover all that Cypress, TX, has to offer with our comprehensive neighborhood guide. From local market trends to lifestyle highlights, you’ll find everything you need to know about this thriving community. Start browsing now and see why Cypress is the perfect place to call home!