Is Cypress, IL 62923 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Cypress is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Cypress housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Johnson County, IL

Population	441
Median income	$51,806
Average income	$61,128
Median home value	$78,600
Median rent	$1,078/month
Owner-occupied	88% of homes
Median year built	1977

Natural hazard riskEarthquakes (relatively high), extreme heat (relatively high), tornadoes (relatively high)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 62923; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 62923

Prefilled for 62923Can I win this house?Multiple-offer likelihood for a listing Prefilled for 62923Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Buncombe 62912Buyer’s market $96 /sq ft Goreville 62939Balanced $114 /sq ft Grantsburg 62943 — /sq ft New Burnside 62967 — /sq ft Browse all markets →

Where Cypress is

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Questions about Cypress real estate

What are property taxes in Cypress?

About 1.24% of a home’s value a year in Johnson County, or roughly $4,960 on a $400,000 home.

Local agents

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More tools for 62923

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Johnson County property taxes Johnson County loan limits Closing costs in Illinois Hottest ZIP codes in Illinois

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology