92587 Housing Market
Median List Price
$847,450
Updated August 2026
Today, the 92587 ZIP code in Canyon Lake, CA has 104 homes for sale at a median list price of $847,450, typically selling in about 62 days.
92587 Housing Market Overview
Buyers in the 92587 ZIP code are looking at a median list price of $847,450. That is about 4.2% below the Canyon Lake median. Since February, the median price has moved up about 5.6% to $622,500 as of July. The 92587 ZIP code has 104 active listings on the market right now. Pricing spreads from a $394,000 median for two bedroom homes to $2.8M for six bedroom homes.
92587 Area Market Pulse
Topfind Market Read
Buyers hold the edge right now. The typical home takes about 62 days to sell, and 53% of sellers have trimmed their asking price. At the same time, selling times have improved 27% versus six months ago, which keeps well-priced homes moving. Buyers have room to negotiate price and terms, while sellers should price sharply and present well to stand out.
Median Home Price
$847K
↑ 10% 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
5.2 months of supply
Balanced Supply104 active listings currently on the market.
What this means for buyers
Supply and demand are roughly in step, with a steady flow of options and no glut. Listings typically sell in ~62 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 27% over the last six months.
Inventory Distribution
A solid share of current listings is under 30 days old, while a meaningful share has been up longer.
About 40% of current listings are under 30 days old, while the rest have been up longer.
Housing Tenure in 92587 Area
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 $595K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 5 → 6 bedrooms (+$1.4M)
Price Reductions
55 listings have reduced their price
53% of active listings
Average reduction: 5.8% (~$49K)
Browse 92587 Listings
Frequently Asked Questions about the 92587 Housing Market
What is the median home price in the 92587 ZIP code?
The median list price in the 92587 ZIP code is $847,450 as of August 2026, based on 104 active listings.
Is the 92587 ZIP code a buyer's market or a seller's market?
The 92587 ZIP code currently reads as a buyer's market. Active inventory works out to about 5.2 months of supply at the recent sales pace.
How fast do homes sell in the 92587 ZIP code?
The average home currently for sale in the 92587 ZIP code has been on the market for 62 days.
Are home prices in the 92587 ZIP code going up or down?
The median sale price in the 92587 ZIP code is up about 10.3% compared with a year ago.
How many homes are for sale in the 92587 ZIP code?
There are 104 homes for sale in the 92587 ZIP code right now, including 6 listed within the last week.