Is Canyon Lake, CA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canyon Lake is a buyer's market

Buyer's
Market

Difference Since November 2021

At the same time last year, Canyon Lake was a Seller's Market.

Key Takeaway

Canyon Lake is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

How much do homes in Canyon Lake, CA cost?

Median Sold Price

$661,000

$335/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2021

+$61,000(+10.2%)

Key Takeaway

Homes in Canyon Lake have sold for 10.2% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSNov 2021Nov 2022%
1 $285K-
N/A
2 $415K$500K
+20.5%
3 $552.5K$624K
+12.9%
4 $660K$776K
+17.6%
5+ $925K$1.0M
+14.6%

Median Sold Price Compared To Nearby Cities

Menifee
+16.6%
Perris Valley
+15.0%
Lake Elsinore
+12.7%
Quail Valley
+12.0%
Canyon Lake
+10.2%

How many homes are available in Canyon Lake, CA?

Number of Homes For Sale

Oct 2022Nov 2022%
7774-3.9%

Homes For Sale By Bedroom Count

# BEDSOct 2022Nov 2022%
1 00
0.0%
2 66
0.0%
3 3532
-8.6%
4 2727
0.0%
5+ 99
0.0%

Number of Homes Sold

Oct 2022Nov 2022%
144-71.4%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canyon Lake, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Average Sale Time

Nov 2021Nov 2022%
24 Days53 Days+117.7%

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Canyon Lake are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Canyon Lake, CA

Canyon Lake, CA has 74 homes for sale to choose from. The number of homes for sale in Canyon Lake, CA decreased by 3.9% between October 2022 and November 2022. In November 2022 median list price was $661,000 and the average listing age was 53 days. Between October 2022 and November 2022, listing prices of homes in this real estate market have seen the following changes: prices of 1 bedroom properties increased by 0%, the cost of 2 bedrooms properties went up by 20.5%, 3 bedrooms properties became 12.9% more expensive, the cost of 4 bedrooms properties went up by 17.6%, prices of 5 bedrooms properties increased by 14.6%. This housing market inventory have changed: number of 1 bedroom homes remained the same, 2 bedrooms homes did not move, 3 bedrooms homes became 8.6% less available, volume of 4 bedrooms homes stayed the same, volume of 5 bedrooms homes stayed the same. In November 2022 more than 0 listings in Canyon Lake, CA were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 4 were sold below.

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