Cypress Springs
Condos for Sale in Melbourne, FL
True comps, carrying-cost math, and listings before the portals.
Market Heat
Photo via Space Coast MLS
Cypress Springs is a condo community in Melbourne, and price here is driven almost entirely by condition and the individual unit — the median sits at $176,500, or about $148.9 per square foot, but that figure hides a wide spread between updated and dated interiors. With a market heat score of 36 and a median 45 days on market, this is a measured, unhurried market where mispriced units sit and well-prepped ones move.
The year-over-year read is the headline: down 24.2%. That is a meaningful reset, and sellers who anchor to last year's numbers will struggle. Buyers, meanwhile, get more room to negotiate and time to inspect. Zoom out and the picture is different — values are up 195% since 2012 — so the recent pullback is a correction within a long climb, not a collapse. Only 9 closings inform this window, so treat these figures as directional, not precise.
Figures in this note are as of July 15, 2026. The live market numbers elsewhere on this page update nightly and are newer.
Cypress Springs Condo right now
🟡 Balanced market. 1.1 months of supply and 0% of the inventory already under contract put buyers and sellers on roughly even footing.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Space Coast MLS records, as of September 20, 2026. Confidence: Medium (1 active and pending listings, 11 closed sales in 12 months).
🔴 Off the recent peak. The trailing-12-month median ($176K) is down 24.2% from the prior 12 months ($233K) and up 202% since 2012. With about 8 sales a year, a single closing can swing this number, so read the level and the decade, not one year's move.Momentum Research, record-level Space Coast MLS closed sales, 12-month windows ending September 20. Confidence: Low (11 and 5 sales in the two windows).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 20, 2026 · Live data: Space Coast MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Cypress Springs Condo market snapshot (as of September 20, 2026): the median sale price is about $176K ($149 per sq ft over the trailing 12 months of closed sales), a median 45 days on market for closed sales, and 1.1 months of supply, a balanced market. The trailing-12-month median is down 24% from the prior 12 months and up 202% since 2012, computed from record-level Space Coast MLS closed sales (11 closings in the current window).
Cypress Springs is an entry-priced condo community in Melbourne where the current market favors patient buyers over sellers. The recent price pull-back is steep on a one-year basis but sits inside a much longer run-up.
The setting & the homes.
Aerial and on-site photos of Cypress Springs Condo. Swipe to explore the community.
Swipe or use the arrows → tap any photo to enlarge
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Cypress Springs CondoPhotos from Space Coast MLS listings in Cypress Springs Condo; content deemed reliable but not guaranteed.
Who Cypress Springs Condo is best for.
Best for
- Budget-conscious buyers targeting a condo near the $176,500 median who can move without a deadline
- Value hunters comfortable underwriting a specific unit's condition rather than a community average
- Long-hold buyers who accept a recent pullback within a longer upward trend
Probably not for
- Buyers who need community amenities as part of the deal
- Sellers who must close quickly and expect last year's pricing
- Buyers who want a fast, competitive market with tight days on market
Price History: What Homes Here Have Actually Sold For
Median sale price over the trailing 12 months ending September 20 of each year, from record-level Space Coast MLS closed sales. Same methodology as every appreciation figure on this page: the 2026 point ($176K) IS the median in the snapshot above, and the move from 2025 ($233K) IS the -24.2% one-year change.
Windows contain 2 to 14 sales each (11 in the current window); every figure carries its sample size, and thin markets swing on single closings. Based on information from the Space Coast MLS for the period 2008 through 2026. Deemed reliable but not guaranteed.
24% of homes for sale in ZIP 32901 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-20).
Cypress Springs Condo Market Scorecard
Cypress Springs Condo is currently a balanced market. About 1.1 months of supply, a median asking price of $214,900.
Go deeper: ZIP market scorecard · county scorecard · true cost calculator · affordability calculator.
Live data: Space Coast MLS, refreshed twice daily. Market metrics only; these describe homes for sale and recent sales, not residents.
Housing distress & ownership in Cypress Springs Condo, Melbourne
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. Based on information from the Space Coast MLS for the period October 2026 through October 2026. Deemed reliable but not guaranteed.
Homes For Sale Right Now in Cypress Springs Condo
Live MLS inventory for Cypress Springs Condo. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Cypress Springs Condo listings as of 2026-10-18, priced high to low. Based on information from the Space Coast MLS for the period 2008 through 2026. Tap any home to ask about it.
Cypress Springs Condo on the map.
Every active, pending, and recently sold home, plotted. Toggle the layers and tap a home for the details.
Listing locations from Space Coast MLS. Map data © OpenStreetMap contributors.
Schools
- Brevard County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- University Park · Elementary
- Stone · Middle
- Palm Bay · High
Zoned schools reflect the assignments reported on recent Cypress Springs Condo listings and can change; always confirm with Brevard County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Cypress Springs Condo address.
The Cypress Springs Condo buying strategy.
If we were buying in Cypress Springs Condo today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Move deliberately, not desperately. Neither side has a decisive edge, so a well-prepared, fairly-priced offer wins without overpaying.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Cypress Springs Condo.
A condition-driven condo market in reset
With no community amenities identified from current MLS listings, the value proposition here is the unit itself and the location in Melbourne, Brevard County — not shared facilities. That puts the burden on the individual condo: layout, updates, floor, and condition will separate one price from another far more than any community-wide feature. Do not expect the median to describe your specific target; underwrite the unit in front of you.
The 45-day median days on market and heat score of 36 tell you the same thing the 24.2% year-over-year decline does — this is not a market where speed wins. Sellers need clean pricing and a move-in-ready presentation to compete; buyers have the leverage of time and the ability to walk. With only 9 closings in the window, a single unusual sale can skew the averages, so lean on the qualitative posture more than any one number.
The location and the amenities are priced into every listing in Cypress Springs Condo. The deal is won or lost on condition, the comps, and the renovation math.
Momentum Buy Score.
Our proprietary 0 to 10 read across the factors that decide how a home in Cypress Springs Condo buys, holds, and resells. Momentum Research; not an appraisal.
Momentum Intelligence Scores are our proprietary, qualitative assessment on a 0 to 10 scale, built from the record-level market data on this page. They are a framework for comparing communities, not a guarantee of future value and not advice on a specific home; unlike an automated value estimate they do not price your home, they grade the community on evidence you can inspect. Composite is the plain average of the 4 factors (6.6). Basis: Long-Term Appreciation +202% since 2012; Recent Direction -24.2% year-over-year; Liquidity & Demand 1.1 months of supply; Pricing Power 96.0% sale-to-list. Refreshed with each data update.
Why work with Momentum here
A thin closing window and a sharp one-year move are exactly the conditions where averages mislead. We price and negotiate off the actual unit and the most comparable recent sales, not a headline median — so sellers avoid chasing a stale number and buyers avoid overpaying on a soft market. When the data is this thin, disciplined comp work is the whole game.
Cypress Springs Condo in 15 seconds.
Tools for a Cypress Springs Condo buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Cypress Springs Condo sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Cypress Springs Condo, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Cypress Springs Condo home worth?
Get a no-obligation home value based on real comparable sales in Cypress Springs Condo, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See homes for sale in Cypress Springs Condo on the map →
Ask an agent about Cypress Springs Condos for Sale
Have a question about the homes, fees, rules or commute here? A Momentum agent who works Cypress Springs Condos for Sale will answer, and the answer is published on this page for the next buyer.
Frequently Asked Questions
What is the median home price in Cypress Springs Condo?
How long do homes in Cypress Springs Condo take to sell?
Is Cypress Springs Condo a buyer's or seller's market right now?
Have Cypress Springs Condo home prices gone up?
Who is the best real estate agent for Cypress Springs Condo?
How do I find a top Melbourne real estate agent who knows Cypress Springs Condo?
Can Momentum Realty connect me with an agent for Cypress Springs Condo?
Should you buy in Cypress Springs Condo?
An honest fit check. We will tell you when it is not your community.
Nearby Communities
Explore more neighborhoods near Cypress Springs Condo with Momentum Realty’s local guides.
Data sources & freshness
| Live listings | Space Coast MLS, refreshed twice daily (last: October 18, 2026) |
| Community market stats | Space Coast MLS closed sales, 12-month windows ending September 20, 2026 |
| Under-contract shares | Space Coast MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2008 (133 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Space Coast MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Space Coast MLS member average and 8 days faster, and we’ll price yours against live local comps.
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See how Cypress Springs Condo fits the bigger picture — live prices, inventory, and Momentum Scores: