Canyon Lake, CA Housing Market
Median List Price
$884,900
Updated August 2026
Today, Canyon Lake has 95 homes for sale at a median list price of $884,900, typically selling in about 65 days.
Canyon Lake Market Analysis
The median list price in Canyon Lake, CA is $884,900. Current inventory stands at 95 active listings. 19 new listings came on the market in the last 30 days.
Expect a median around $499,000 for two bedroom homes and $2.8M at the six bedroom end. Single family homes lead the mix at 93.7%. February to July saw the median price go from $624,999 to $662,500, up about 6.0%. Per square foot, the median stands at $378.
Homes here typically go under contract in about 29 days. Addresses here carry the 92587 ZIP code.
Canyon Lake Rental Market
The median asking rent in Canyon Lake, CA is $3,990. Current inventory stands at 8 active rental listings. January to June saw the median rent go from $4,500 to $3,300, down about 26.7%.
Canyon Lake Market Pulse
Topfind Market Read
Buyers hold the edge right now. 6.8 months of supply is more than current demand absorbs, and the typical home takes about 65 days to sell. At the same time, selling times have improved 24% versus six months ago, which keeps well-priced homes moving. Buyers are firmly in control and can negotiate hard, while sellers need sharp pricing to draw attention.
Median Home Price
$885K
↑ 12% over the past yearChart shows the median closed sale price by month
Months of Supply
Estimated time to sell all listings at the current sales pace
6.8 months of supply
Ample Supply95 active listings, plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb, so buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~65 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market, so buyers often have strong leverage to negotiate price, terms, and repairs. The trend is moving the other way though, with selling times down 24% over the last six months.
Inventory Distribution
A larger share of listings has been up beyond 30 days, which typically means more room to negotiate on those longer-listed homes.
Housing Tenure in Canyon Lake
Homeownership is significantly higher than average, making this a homeowner-dominated market with more long-term residents.
79%
Homeowners
21%
Renters
Homeownership is 23.5 points higher than the California average (55.5%)
4,090 households (2023)
Median Price by Bedroom
Larger homes command significantly higher prices, with sharp increases beyond 3 bedrooms.
Each additional bedroom adds about $500K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 5 → 6 bedrooms (+$956K)
Price Reductions
55 listings have reduced their price
58% of active listings
Average reduction: 5.7% (~$50K)
Browse Canyon Lake Listings
Frequently Asked Questions about the Canyon Lake, CA Housing Market
What is the median home price in Canyon Lake, CA?
The median list price in Canyon Lake is $884,900 as of August 2026, based on 95 active listings.
Is Canyon Lake a buyer's market or a seller's market?
Canyon Lake currently reads as a strong buyer's market. Active inventory works out to about 6.8 months of supply at the recent sales pace.
How fast do homes sell in Canyon Lake?
Homes that closed in the last 90 days typically went under contract in about 29 days. The average home currently for sale has been on the market for 65 days.
Are home prices in Canyon Lake going up or down?
The median sale price in Canyon Lake is up about 11.7% compared with a year ago.
How many homes are for sale in Canyon Lake, CA?
There are 95 homes for sale in Canyon Lake right now, including 1 listed within the last week.
What is the median rent in Canyon Lake?
The median asking rent in Canyon Lake is $3,990 per month, across 8 active rental listings.