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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canyon Lake Hill is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Canyon Lake Hill has remained a Buyer's Market.

Key Takeaway

Canyon Lake Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Canyon Lake Hill, TX

How much do homes in Canyon Lake Hill, TX cost?

Median Sold Price

$275,000

$227/sqft

Based on all homes sold in October 2024.

Difference Since Last Month

+$58,000(+26.7%)

Key Takeaway

Homes in Canyon Lake Hill have sold for 26.7% more than they did a month ago.

Summary: The median home sold price in Canyon Lake Hill was $275,000 in October 2024, up 26.7% from last month, and the median price per square foot was $227.

Median Sold Price By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 --
N/A
2 --
N/A
3 $217K$275K
+26.7%
4 --
N/A
5+ --
N/A

Summary: Canyon Lake Hill housing prices by bedroom type for October 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 26.7%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in Canyon Lake Hill, TX

How many homes are available in Canyon Lake Hill, TX?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5259+13.5%

Summary: The Canyon Lake Hill real estate market had 59 homes for sale in October 2024, a 13.5% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 12
+100.0%
2 78
+14.3%
3 2832
+14.3%
4 1213
+8.3%
5+ 44
0.0%

Summary: The Canyon Lake Hill housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 14.3%, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
110.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canyon Lake Hill, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Canyon Lake Hill in October 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Canyon Lake Hill, TX

How long does it take to sell a home in Canyon Lake Hill, TX?

Average Sale Time

Sep 2024Oct 2024CHANGE
133 Days170 Days+27.8%

Summary: Homes in Canyon Lake Hill had an average of 170 days on market in Oct 2024, up by 27.8% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Canyon Lake Hill are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During October 2024, 1 homes were sold in Canyon Lake Hill; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 4 Days Ago

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