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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canyon Lake is a seller's market

Buyer's
Market

Difference Since September 2021

Since last year, Canyon Lake has remained a Seller's Market.

Key Takeaway

Canyon Lake is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Canyon Lake, TX cost?

Median Sold Price

$520,270

$242/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$95,218(+22.4%)

Key Takeaway

Homes in Canyon Lake have sold for 22.4% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $172.2K$151.5K
-12.0%
2 $239.9K$280K
+16.7%
3 $360.6K$448.1K
+24.3%
4 $518.5K$669.2K
+29.1%
5+ $652.5K$740K
+13.4%

Median Sold Price Compared To Nearby Cities

Spring Branch
+28.7%
Canyon Lake
+22.4%
Bulverde
+18.5%
San Antonio North
+15.2%

How many homes are available in Canyon Lake, TX?

Number of Homes For Sale

Aug 2022Sep 2022%
601589-2.0%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 67
+16.7%
2 4244
+4.8%
3 321311
-3.1%
4 189183
-3.2%
5+ 4344
+2.3%

Number of Homes Sold

Aug 2022Sep 2022%
133105-21.1%

Asking Price vs. Sold Price

55 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

25 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. 55% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
45 Days32 Days-29.0%

Breakdown of Home Sale Times

58 Homes Were Sold
Under 30 Days

39 Homes Were Sold
In 30 - 90 Days

3 Homes Were 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, TX

There are 589 homes are for sale in Canyon Lake, TX real estate market. The inventory of homes for sale in Canyon Lake, TX between August 2022 and September 2022 decreased by 2%. In September 2022 median list price was $520,270 and the average listing age was 32 days. From August 2022 through September 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties became 12% more cheaper, prices of 2 bedrooms properties increased by 16.7%, 3 bedrooms properties became 24.3% more expensive, 4 bedrooms properties became 29.1% more expensive, prices of 5 bedrooms properties went up by 13.4%. The following changes in the number of homes for sale were observed in this housing market: 1 bedroom homes inventory increased by 16.7%, 2 bedrooms homes inventory increased by 4.8%, number of 3 bedrooms homes decreased by 3.1%, number of 4 bedrooms homes decreased by 3.2%, the quantity of 5 bedrooms homes went up by 2.3%. In September 2022, from all listings sold in Canyon Lake, TX there were more than 25 sold above asking price, over 55 sold below and more than 20 were sold right at the asked price.

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