Cypress Springs
Condos for Sale in Melbourne, FL

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).

In ZIP 32901 (Melbourne), 194 homes closed in the last 12 months at a median of $290K ($202/sq ft), down 6.8% year over year, with a median 54 days on market. Right now 10 active and 5 pending listings put supply at about 3.4 months — a balanced market. See the live ZIP 32901 housing market and the Brevard County market.

Space Coast MLS sales records identify 48 homes in Cypress Springs Condo that have changed hands since 2008, built between 2000 and 2006 (median 2006), with a median living area of about 1,334 sq ft and a typical 3-bedroom, 2-bath layout; 92% are condominiums. Source: Space Coast MLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.

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.

• 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.

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.

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.

Listings in this community report association dues of about $430 per month ($5,160 a year) — the median AssociationFee across 97 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.

Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.