Cypress Park Real Estate Market Insights & Valuable Local Updates

Located less than 2.5 miles north of Downtown Los Angeles. It lies within a historic alluvial floodplain shared with the Elysian Valley neighborhood, which is bounded by Elysian Park and Mt. Washington. Its densely populated neighborhood of 10,000+ residents in Northeast Los Angeles is a community that is on a convergence of revitalization and preservation of its deep roots to Mexico and Mexican American culture. Its unique boot-shaped topographical geography jets out parallel to the Elysian Valley with its toe pointed up towards Mt. Washington.

Welcome to Cypress Park real estate market insights & valuable local updates. Whether you’re a resident, a potential Cypress Park real estate market home buyer, or just interested in local real estate trends, this report provides a comprehensive analysis of the Cypress Park real estate market, and Cypress Park homes sold from June 9, 2023, to September 9, 2023. We also provide you with valuable local updates and the current Cypress Park homes for sale.

Cypress Park Homes For Sale in Diverse Price Ranges across Varied Transactions

The Cypress Park real estate market caters to a range of budgets, offering an assortment of properties. Here’s a breakdown of properties sold in different price brackets, along with their average days on market (DOM):

Cypress Park Market: Mid-Range Appeal

Cypress Park’s mid-range market saw notable activity. In the $700,000 – $749,999 range, one property was sold in just 26 days.
Similarly, a property in the $850,000 – $899,999 range found a new owner after 162 days on the market.
A property in the $950,000 – $999,999 range sold in 49 days.

Cypress Park: $1,000,000s - $1,749,999 Range:

Cypress Park demonstrated strength in this segment. Six Cypress Park homes sold in the $1,000,000 – $1,249,999 range were sold, each spending an average of 31 days on the market.
Additionally, two Cypress Park home sold in the $1,500,000 – $1,749,999 range were sold swiftly in just 14 days on average.

Market Summary

In total, 11 Cypress Park homes sold in this period, with an average DOM of 41 days. The market showcased its diverse offerings, with a minimum sold price of $745,000 and a maximum of $1,565,000. The average sold price stood at $1,112,455, with the median price at $1,077,500.

Current Market

There are 4 active listings available in this tight-inventory market between $749k -$1.4mil.

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Cypress Park: Embracing Artistic Vibes in an Urban Region

Step into the heartbeat of creativity and urban vibrancy in Cypress Park. This neighborhood pulses with a distinct energy, where artistic expression intertwines with urban living. Wander through its streets adorned with unique cafes, indie boutiques, and local haunts that celebrate the diverse essence of the community. Cypress Park’s commercial core on Cypress Avenue offers an array of authentic experiences, from vintage finds to culinary delights. Embrace a neighborhood that thrives on its dynamic art scene, weaving together cultural celebrations, performances, and intimate artistic space. The Cypress Park homes for sale are just as artistic and vibrant.

I am a Californian born here in Los Angeles. As a top graduate of the AACSB internationally accredited California State University of Los Angeles School of Business and Economics, I have accelerated my career as a residential real estate advisor by combining my passion for California history, writing, architectural preservation, and extensive sales background. My marketing and negotiation skills, combined with community outreach have helped me build a solid reputation with our clients.

I am a Senior Real Estate Specialist (SRES®) working closely in the communities that we serve with our mature clients. When I am not listing or selling some of California’s finest homes, I turn my focus to early 20th-century California collectibles. My e-commerce business Golden State Decor on Etsy celebrates the rich history of the Golden State with one-of-a-kind procured items while contributing directly to the California Conservation Corps Foundation.

A Californian born here in Los Angeles, David has spent his whole life in California. As a top graduate of the AACSB internationally accredited California State University of Los Angeles School of Business and Economics, he has accelerated his career as a residential real estate advisor combining his passion for California history, writing, architectural preservation, and extensive sales background.

David is a Senior Real Estate Specialist (SRES®) holding certifications in Probate and Trust Sales and Accessory Dwelling Units. His marketing and negotiation skills, joined with community outreach have helped him build a solid reputation with his clients.

Recently he represented a record-breaking sale for the most expensive home ever sold in Echo Park at 744 Sq. Ft. On the buying side, he knows the terrain, from negotiation, strategy, emerging markets, and the geographic pockets where the hidden gems lay. He continues to empower his clients with this knowledge, helping them get closer to building wealth and financial independence.

When David isn’t listing or selling some of California’s finest homes, he turns his focus to early 20th Century California antiques and collectibles. His e-commerce business Golden State Decor on Etsy celebrates the rich history of the Golden State with one-of-a-kind procured items while contributing directly to the California Conservation Corps Foundation.