Is Canyon Lake, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 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
$454,987
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Canyon Lake was $454,987 in June 2024, down 4.2% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $248K | $218K | -12.1% |
2 Bedrooms | $282.5K | $306K | +8.3% |
3 Bedrooms | $428.1K | $424K | -1.0% |
4 Bedrooms | $599K | $566K | -5.5% |
5+ Bedrooms | $675K | $500K | -25.9% |
Summary: Canyon Lake housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.1%, 2 bedroom homes increased by 8.3%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 5.5%, and 5+ bedroom homes decreased by 25.9%.
Median Sold Price Compared To Nearby Cities
San Antonio North | $421.4K | $431.3K | +2.3% |
Bulverde | $430.4K | $430.5K | 0.0% |
Canyon Lake | $474.9K | $454.9K | -4.2% |
Spring Branch | $575K | $548.7K | -4.6% |
Housing Supply in Canyon Lake, TX
How many homes are available in Canyon Lake, TX?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
1,015 | 1,075 | +5.9% |
Summary: The Canyon Lake real estate market had 1,075 homes for sale in June 2024, a 5.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 13 | +30.0% |
2 Bedrooms | 60 | 68 | +13.3% |
3 Bedrooms | 506 | 532 | +5.1% |
4 Bedrooms | 324 | 342 | +5.6% |
5+ Bedrooms | 115 | 120 | +4.3% |
Summary: The Canyon Lake housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 30%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 5.1%, 4 bedroom homes increased by 5.6%, and 5+ bedroom homes increased by 4.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
129 | 96 | -25.6% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
30 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 96 homes were sold or pending in Canyon Lake in June 2024, down by 25.6% month-over-month. Of the 95 sold homes, 58% were sold under asking, 32% were sold at asking, and 11% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
80 Days | 85 Days | +5.7% |
Summary: Homes in Canyon Lake had an average of 85 days on market in Jun 2024, up by 5.7% compared to last year.
Breakdown of Home Sale Times
25 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
32 Homes Were Sold
Over 90 Days
Summary: During June 2024, 96 homes were sold in Canyon Lake; 26% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.