$8,847 Closing Credit*
$745,000
1,928 SqFt
3 Beds
•3 Full Baths
Shelly Hof, Listing Office: Windermere Real Estate
Is The Canyon, CA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
At the same time last year, The Canyon was a Seller's Market.
Key Takeaway
The Canyon is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Canyon, CA
How much do homes in The Canyon, CA cost?
Median Sold Price
$426,000
$299/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
+$16,000(+3.9%)
Key Takeaway
Homes in The Canyon have sold for 3.9% more than they did a year ago.
Summary: The median home sold price in The Canyon was $426,000 in December 2024, up 3.9% from last year, and the median price per square foot was $299.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $298K | $242.5K | -18.6% |
| 2 Bedrooms | $375K | $350K | -6.7% |
| 3 Bedrooms | $605K | $555K | -8.3% |
| 4 Bedrooms | $910K | $994.5K | +9.3% |
| 5+ Bedrooms | $625.5K | - | N/A |
Summary: The Canyon housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 18.6%, 2 bedroom homes decreased by 6.7%, 3 bedroom homes decreased by 8.3%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| The Canyon | $410K | $426K | +3.9% |
| Mission Hills Country Club | $649.5K | $613.7K | -5.5% |
Housing Supply in The Canyon, CA
How many homes are available in The Canyon, CA?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 72 | 79 | +9.7% |
Summary: The The Canyon real estate market had 79 homes for sale in December 2024, a 9.7% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 33 | 36 | +9.1% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 7 | 10 | +42.9% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Canyon housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.1%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 7 | 10 | +42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in The Canyon, expect to pay close to the asking price. 70% of homes here sold near the asking price last month.
Summary: A total of 10 homes were sold or pending in The Canyon in December 2024, up by 42.9% month-over-month. Of the 10 sold homes, 20% were sold under asking, 70% were sold at asking, and 10% were sold over asking.
Days on Market for The Canyon, CA
How long does it take to sell a home in The Canyon, CA?
Average Sale Time
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 42 Days | 36 Days | -15.0% |
Summary: Homes in The Canyon had an average of 36 days on market in Dec 2024, down by 15% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in The Canyon are selling fast, if you're buying plan to act quickly.
Summary: During December 2024, 10 homes were sold in The Canyon; 70% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.