T
he Cy-Fair real estate market has reached a significant milestone, with 3.5 months of inventory available as of April, marking the first time this level has been achieved since summer 2017. This increase in inventory is attributed to homebuilders replenishing stock across the region after supply chain issues and record-low interest rates during the COVID-19 pandemic led to historically low levels.

    According to Shae Cottar, chair of the Houston Association of Realtors, the current market is normalizing after a period of unsustainable conditions. "We're getting it back to something that's more sustainable because those 3.5% interest rates ... and those price points of $50,000 and $100,000 over asking—those things are not sustainable," Cottar said.

    In the first quarter of 2025, 25% of Cypress households could afford a median-priced home, compared to 34% in Harris County. The median price of a home in Cypress was $407,500, with a minimum qualifying annual household income of $128,800. Only five submarkets within Harris County had a lower percentage of people who could afford the median home price, making Cypress one of the most affordable areas in the county.