Is Canyon Lake, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$453,823
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Canyon Lake was $453,823 in April 2024, down 11.7% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229K | $218K | -4.8% |
2 Bedrooms | $285K | $306K | +7.4% |
3 Bedrooms | $452.9K | $420.5K | -7.2% |
4 Bedrooms | $652.4K | $569.1K | -12.8% |
5+ Bedrooms | $775K | $541.9K | -30.1% |
Summary: Canyon Lake housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 7.4%, 3 bedroom homes decreased by 7.2%, 4 bedroom homes decreased by 12.8%, and 5+ bedroom homes decreased by 30.1%.
Median Sold Price Compared To Nearby Cities
San Antonio North | $420K | $426.2K | +1.5% |
Bulverde | $446.9K | $434.9K | -2.7% |
Spring Branch | $585K | $560K | -4.3% |
Canyon Lake | $513.7K | $453.8K | -11.7% |
Housing Supply in Canyon Lake, TX
How many homes are available in Canyon Lake, TX?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
960 | 1,038 | +8.1% |
Summary: The Canyon Lake real estate market had 1,038 homes for sale in April 2024, a 8.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 15 | 15 | 0.0% |
2 Bedrooms | 59 | 64 | +8.5% |
3 Bedrooms | 489 | 546 | +11.7% |
4 Bedrooms | 302 | 311 | +3.0% |
5+ Bedrooms | 95 | 102 | +7.4% |
Summary: The Canyon Lake 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 8.5%, 3 bedroom homes increased by 11.7%, 4 bedroom homes increased by 3%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
119 | 119 | 0.0% |
Asking Price vs. Sold Price
75 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
19 Homes Were Sold
Over Asking
Summary: A total of 119 homes were sold or pending in Canyon Lake in April 2024, the same as the previous month. Of the 117 sold homes, 64% were sold under asking, 20% were sold at asking, and 16% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
82 Days | 106 Days | +30.1% |
Summary: Homes in Canyon Lake had an average of 106 days on market in Apr 2024, up by 30.1% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
40 Homes Were Sold
In 30 - 90 Days
51 Homes Were Sold
Over 90 Days
Summary: During April 2024, 119 homes were sold in Canyon Lake; 24% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.