Is Canyon Lake, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Canyon Lake was a Seller's Market.
Housing Prices in Canyon Lake, TX
How much do homes in Canyon Lake, TX cost?
Median Sold Price
$458,410
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Canyon Lake was $458,410 in March 2024, down 11% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $172.5K | $235K | +36.2% |
2 Bedrooms | $280K | $306K | +9.3% |
3 Bedrooms | $457.6K | $421.5K | -7.9% |
4 Bedrooms | $670.9K | $575K | -14.3% |
5+ Bedrooms | $775K | $529.4K | -31.7% |
Summary: Canyon Lake housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.2%, 2 bedroom homes increased by 9.3%, 3 bedroom homes decreased by 7.9%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes decreased by 31.7%.
Median Sold Price Compared To Nearby Cities
San Antonio North | $420K | $424.9K | +1.2% |
Bulverde | $433K | $434.9K | 0.4% |
Spring Branch | $576.3K | $577.5K | 0.2% |
Canyon Lake | $514.9K | $458.4K | -11.0% |
Housing Supply in Canyon Lake, TX
How many homes are available in Canyon Lake, TX?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
858 | 985 | +14.8% |
Summary: The Canyon Lake real estate market had 985 homes for sale in March 2024, a 14.8% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 16 | +6.7% |
2 Bedrooms | 52 | 62 | +19.2% |
3 Bedrooms | 415 | 499 | +20.2% |
4 Bedrooms | 291 | 310 | +6.5% |
5+ Bedrooms | 85 | 98 | +15.3% |
Summary: The Canyon Lake housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes increased by 19.2%, 3 bedroom homes increased by 20.2%, 4 bedroom homes increased by 6.5%, and 5+ bedroom homes increased by 15.3%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
105 | 112 | +6.7% |
Asking Price vs. Sold Price
64 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 112 homes were sold or pending in Canyon Lake in March 2024, up by 6.7% month-over-month. Of the 111 sold homes, 58% were sold under asking, 30% were sold at asking, and 13% were sold over asking.
Days on Market for Canyon Lake, TX
How long does it take to sell a home in Canyon Lake, TX?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
67 Days | 104 Days | +54.2% |
Summary: Homes in Canyon Lake had an average of 104 days on market in Mar 2024, up by 54.2% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
56 Homes Were Sold
Over 90 Days
Summary: During March 2024, 112 homes were sold in Canyon Lake; 22% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.