Is Canyon Lake, TX a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 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
$455,647
$227/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Canyon Lake was $455,647 in May 2024, down 5.4% from last year, and the median price per square foot was $227.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229K | $218K | -4.8% |
2 Bedrooms | $277.5K | $315K | +13.5% |
3 Bedrooms | $431K | $419.9K | -2.6% |
4 Bedrooms | $605K | $575K | -5.0% |
5+ Bedrooms | $675K | $541.9K | -19.7% |
Summary: Canyon Lake housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.8%, 2 bedroom homes increased by 13.5%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes decreased by 19.7%.
Median Sold Price Compared To Nearby Cities
San Antonio North | $424.6K | $430K | +1.3% |
Bulverde | $435.4K | $430.3K | -1.2% |
Spring Branch | $578.7K | $548.7K | -5.2% |
Canyon Lake | $481.4K | $455.6K | -5.4% |
Housing Supply in Canyon Lake, TX
How many homes are available in Canyon Lake, TX?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
993 | 1,068 | +7.6% |
Summary: The Canyon Lake real estate market had 1,068 homes for sale in May 2024, a 7.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 10 | 12 | +20.0% |
2 Bedrooms | 58 | 62 | +6.9% |
3 Bedrooms | 522 | 547 | +4.8% |
4 Bedrooms | 305 | 331 | +8.5% |
5+ Bedrooms | 98 | 116 | +18.4% |
Summary: The Canyon Lake housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 6.9%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 18.4%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
131 | 104 | -20.6% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Summary: A total of 104 homes were sold or pending in Canyon Lake in May 2024, down by 20.6% month-over-month. Of the 103 sold homes, 67% were sold under asking, 23% were sold at asking, and 10% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
75 Days | 73 Days | -1.8% |
Summary: Homes in Canyon Lake had an average of 73 days on market in May 2024, down by 1.8% compared to last year.
Breakdown of Home Sale Times
38 Homes Were Sold
Under 30 Days
39 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Summary: During May 2024, 104 homes were sold in Canyon Lake; 37% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.