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Featured local agent — Canyon, TX
Sarah Mitchell
Compass Real Estate · Canyon, TX
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Canyon, TX Housing Market & Real Estate
Housing market overview · Updated monthly ·
$285,000median sale price
How is the Canyon, TX housing market right now?
The median home sale price in Canyon, TX is $285,000, down 0.9% year-over-year. Homes sell in an average of 43 days with 52 active listings. The market is currently a seller's 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 a buyer's or seller's market?
Canyon, TX is currently a seller's market, based on 1.8 months of supply and homes selling in about 43 days. How we determine this →
Homes sold
29
Last 12 weeks
Days on market
43
Average pace
Active listings
52
1.8 months supply
Sale-to-list
—
Below asking
What does the Canyon housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $285,000 |
| Median list price | $350,000 |
| Year-over-year price change | -0.9% |
| Average days on market | 43 days |
| Active inventory | 52 listings |
| Months of supply | 1.8 months |
| Median price per sq ft | $167/sq ft |
| Homes sold (latest month) | 29 |
| New listings (latest month) | 25 |
| Listings with a price cut | 25.0% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Canyon by property type?
How the Canyon, TX market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $285,000 | $167/sq ft | 29 | 43 days |
Source: Redfin · Updated monthly
The Canyon housing market is currently classified as a seller's market with a median sale price of $285,000. Prices have fallen 0.9% compared to last year, with homes spending an average of 43 days on market, indicating 1.8 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 4.4x provides context for how home values compare to local earning capacity.
Homes for sale in Canyon
There are currently 52 homes listed for sale in Canyon, Texas. The median listing price is $350K.
Active listings
52
Homes on market
Median list price
$350K
Avg. days on market
43
Days until sale
New this week
25
Newly listed
Who lives in Canyon?
Population
15,398
Median income
$68,233/yr
Median age
28.2 years
Owner-occupied
53.7%
College grads
43.3%
Avg commute
21.7 min
Source: U.S. Census Bureau ACS
What are homes worth in Canyon?
Zillow home value
$301,507
Zillow rent index
$1,296/mo
Price-to-rent ratio
19.4x
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in Canyon?
Canyon is a community of approximately 15K residents with a median age of 28.2 years.The median household income is $68,233, which represents a working-class community with solid middle-income opportunities. 43.3% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 53.7%, showing a blend of owner and renter-occupied properties. The average commute time is 21.7 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Canyon offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Canyon?
8 schools tracked · 3,793 students
The largest public schools serving Canyon, TX 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.
CANYON H S
Grades 9-12 · 1,100 students
REEVES-HINGER EL
Grades PK-4 · 646 students
CANYON INT
Grades 5-6 · 562 students
CANYON J H
Grades 7-8 · 556 students
CRESTVIEW EL
Grades PK-4 · 421 students
SPRING CANYON EL
Grades PK-4 · 399 students
MIDWAY ALTERNATIVE H S
Grades 10-12 · 65 students
PREMIER HIGH SCHOOL-CANYON
Grades 9-12 · 44 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 Canyon, TX?
Want a head-to-head view? Compare Canyon side-by-side with any other U.S. city using our market-comparison tool.
Is Canyon a good real estate investment market?
For investors evaluating Canyon, the price-to-rent ratio of 19.4x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 0.9% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Canyon's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Canyon's median home price.
Frequently asked questions
What is the average home price in Canyon?
The median home sale price in Canyon is $285,000, down 0.9% from last year.
How long do homes stay on market in Canyon?
Homes typically spend 43 days on market before going under contract.
What is the median income in Canyon?
The median household income is $68,233 per year.
Is Canyon a buyer's or seller's market?
With 1.8 months of supply, Canyon is currently a seller's market.
What is the Zillow home value estimate for Canyon?
The Zillow Home Value Index (ZHVI) for Canyon is $301,507, representing the typical home value in the area.
How much does a single-family home cost in Canyon?
The median single-family home price in Canyon, TX is $285,000 (about $167 per square foot).
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