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Featured local agent — Canal Point, FL
Sarah Mitchell
Compass Real Estate · Canal Point, FL
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Canal Point, FL Housing Market
The last median sale price Redfin published was $305,000 (through May 2026). With homes going under contract in about 54 days, Canal Point is a buyer's market. At today's 6.66% 30-year fixed rate, 20% down on a $305,000 home is about $1,568/mo in principal and interest.
Key numbers for Canal Point, FL
Median sale price
$305,000
Last published period
Redfin, through February 2026
Days on market
54
Average pace
Redfin, through February 2026
30-yr fixed rate
6.66%
Freddie Mac weekly average
Freddie Mac via FRED, August 2026
Median household income
$106,905
Home costs 2.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
95.9%
Selling below asking
Redfin, through February 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Canal Point a buyer's or seller's market?
Canal Point, FL is a buyer's market and homes selling in about 54 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Canal Point housing market data show?
Every row below is Redfin's final published month for Canal Point, FL. Redfin, through February 2026
| Metric | Value |
|---|---|
| Median sale price | $305,000 |
| Median price per sq ft | $217/sq ft |
| Median days on market | 54 days |
| Sale-to-list price ratio | 95.9% |
| Homes sold (that month) | 1 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Canal Point is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Canal Point is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Canal Point home prices moved?
Across the 8 months we hold for Canal Point, FL, the median sale price rose 369.2%, from $65,000 in December 2021 to $305,000.
Redfin, through February 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Canal Point?
Priced off the median sale price of $305,000 at the current 6.66% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $61,000 | $244,000 | $1,568/mo |
| 5% | $15,250 | $289,750 | $1,862/mo |
Redfin, through February 2026 for the price · Freddie Mac via FRED, August 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,568, that implies roughly $67,200 a year before you add taxes and insurance. The median household in Canal Point earns $106,905, about $39,705 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.9x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Canal Point in the next 12 months?
Tell us your timeline. We send the Canal Point market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Canal Point?
Zillow does not publish a rent index (ZORI) for Canal Point, FL, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Canal Point?
Active listings in Canal Point, FL went from 1 in December 2021 to 3 in March 2024, a +200.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| December 2021 | 1 | 1 |
| February 2022 | 1 | 1 |
| March 2024 | 3 | 1 |
Redfin, through March 2024
How does Canal Point compare to Florida and the U.S.?
Canal Point homes sell for $305,000 — 28% below the Florida median of $421,500. Against the national median of $410,700, Canal Point runs 26% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Canal Point, FL | $305,000 | not published | 54 days |
| Florida statewide | $421,500 | +2.6% | 66 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through February 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Canal Point
What buyers should watch
- The gap between 5% and 20% down here is $294 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 6.66%, every full point of rate change moves the payment on a $305,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Canal Point listing goes under contract in 54 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 95.9% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Comparable ZIP-level pricing inside Canal Point varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Canal Point
Explore homes currently listed for sale in Canal Point, Florida across major real estate platforms.
How much do homes cost in Canal Point by property type?
How the Canal Point, FL market breaks down across single-family homes, condos and townhouses. Redfin, through February 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $305,000 | $217/sq ft | 1 | 54 days |
Who lives in Canal Point?
American Community Survey estimates for Canal Point. U.S. Census ACS, 2023
Population
244
Households
86
Median income
$106,905/yr
Median age
31.6 years
Owner-occupied
34.9%
Median gross rent
$1,425/mo
Mean commute
21.4 min
34.9% of occupied homes in Canal Point are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which public schools serve Canal Point?
1 schools tracked · 274 students
The largest public schools serving Canal Point, FL by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
K. E. CUNNINGHAM/CANAL POINT ELEMENTARY
Grades PK-5 · 274 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Canal Point, FL?
Ordered by distance from Canal Point, not by size. Compare Canal Point side by side with any of them.
Canal Point housing market FAQ
Is Canal Point a buyer's or seller's market?
Canal Point, FL is currently a buyer's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Canal Point?
The median sale price in the last month Redfin published was $305,000, about $217 per square foot.
Is Canal Point cheaper than the rest of Florida?
Canal Point's median sale price of $305,000 is 28% lower than the Florida statewide median of $421,500, and 26% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Canal Point?
Homes in Canal Point, FL spent a median of 54 days on market before going under contract, versus 66 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Canal Point?
At the current 30-year fixed rate of 6.66%, 20% down on a $305,000 home is about $1,568 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $67,200 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $106,905.
Are home prices rising in Canal Point?
We do not hold a complete 12-month value series for Canal Point, FL yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Canal Point?
Canal Point ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Canal Point?
That depends on your timeline, not on a headline. What the data says today: Canal Point, FL is a buyer's market, the 30-year fixed rate is 6.66%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $305,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.