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Featured local agent — Canyon Lake, CA
Sarah Mitchell
Compass Real Estate · Canyon Lake, CA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Canyon Lake, CA Housing Market & Real Estate
Housing market overview · Updated monthly ·
$850,000median sale price
How is the Canyon Lake, CA housing market right now?
The median home sale price in Canyon Lake, CA is $850,000, up 21.0% year-over-year. Homes sell in an average of 61 days with 98 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Canyon Lake a buyer's or seller's market?
Canyon Lake, CA is currently a balanced market, based on 3.5 months of supply and homes selling in about 61 days. How we determine this →
Homes sold
28
Last 12 weeks
Days on market
61
Average pace
Active listings
98
3.5 months supply
Sale-to-list
97.0%
Below asking
What does the Canyon Lake housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $850,000 |
| Median list price | $712,500 |
| Year-over-year price change | +21.0% |
| Average days on market | 61 days |
| Active inventory | 98 listings |
| Months of supply | 3.5 months |
| Sale-to-list price ratio | 97.0% |
| Median price per sq ft | $363/sq ft |
| Homes sold (latest month) | 28 |
| New listings (latest month) | 26 |
| Listings with a price cut | 30.6% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Canyon Lake by property type?
How the Canyon Lake, CA market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $850,000 | $348/sq ft | 27 | 60 days |
| Condo / Co-op | $452,500 | $400/sq ft | 1 | 141 days |
| Townhouse | $737,500 | $414/sq ft | 1 | 150 days |
Source: Redfin · Updated monthly
The Canyon Lake housing market is currently classified as a balanced market with a median sale price of $850,000. Prices have risen 21.0% compared to last year, with homes spending an average of 61 days on market, indicating 3.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.7x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Canyon Lake
There are currently 98 homes listed for sale in Canyon Lake, California. The median listing price is $712K.
Active listings
98
Homes on market
Median list price
$712K
Avg. days on market
61
Days until sale
New this week
26
Newly listed
Who lives in Canyon Lake?
Population
11,107
Median income
$124,948/yr
Median age
46.6 years
Owner-occupied
79.0%
College grads
29.5%
Avg commute
48.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Canyon Lake?
Zillow home value
$707,764
Price-to-income
5.7x
Source: Zillow Research
What is it like to live in Canyon Lake?
Canyon Lake is a community of approximately 11K residents with a median age of 46.6 years.The median household income is $124,948, which reflects a relatively affluent area with strong earning potential. 29.5% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 79.0%, reflecting strong community stability and long-term resident commitment. The average commute time is 48.6 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, Canyon Lake offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Canyon Lake, CA?
Want a head-to-head view? Compare Canyon Lake side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Canyon Lake?
The median home sale price in Canyon Lake is $850,000, up 21.0% from last year.
How long do homes stay on market in Canyon Lake?
Homes typically spend 61 days on market before going under contract.
What is the median income in Canyon Lake?
The median household income is $124,948 per year.
Is Canyon Lake a buyer's or seller's market?
With 3.5 months of supply, Canyon Lake is currently a balanced market.
What is the Zillow home value estimate for Canyon Lake?
The Zillow Home Value Index (ZHVI) for Canyon Lake is $707,764, representing the typical home value in the area.
What is the median condo price in Canyon Lake?
The median condo/co-op sale price in Canyon Lake, CA is $452,500, compared to $850,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Canyon Lake?
The median single-family home price in Canyon Lake, CA is $850,000 (about $348 per square foot).
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