Is The Canyon, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, The Canyon has remained a Seller's Market.
Housing Prices in The Canyon, CA
How much do homes in The Canyon, CA cost?
Median Sold Price
$410,000
$276/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in The Canyon was $410,000 in April 2024, down 3% from last year, and the median price per square foot was $276.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $260K | $295K | +13.5% |
2 Bedrooms | $359K | $375K | +4.5% |
3 Bedrooms | $602.5K | $550K | -8.7% |
4 Bedrooms | $840K | $910K | +8.3% |
5+ Bedrooms | $795K | $625.5K | -21.3% |
Summary: The Canyon housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 13.5%, 2 bedroom homes increased by 4.5%, 3 bedroom homes decreased by 8.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes decreased by 21.3%.
Median Sold Price Compared To Nearby Neighborhoods
Whitewater | $310K | $412.5K | +33.1% |
Mission Hills Country Club | $630K | $640K | +1.6% |
The Canyon | $422.5K | $410K | -3.0% |
Housing Supply in The Canyon, CA
How many homes are available in The Canyon, CA?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
73 | 76 | +4.1% |
Summary: The The Canyon real estate market had 76 homes for sale in April 2024, a 4.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 29 | 34 | +17.2% |
3 Bedrooms | 32 | 30 | -6.3% |
4 Bedrooms | 9 | 9 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Canyon housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.2%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
9 | 20 | +122.2% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
11 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 20 homes were sold or pending in The Canyon in April 2024, up by 122.2% month-over-month. Of the 20 sold homes, 40% were sold under asking, 55% were sold at asking, and 5% were sold over asking.
Days on Market for The Canyon, CA
How long does it take to sell a home in The Canyon, CA?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 49 Days | -6.4% |
Summary: Homes in The Canyon had an average of 49 days on market in Apr 2024, down by 6.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 20 homes were sold in The Canyon; 40% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.