98 homes in Canyon Lake
Homes for Sale in Canyon Lake, TN
$900,000
FOR SALE24180 Cruise Circle Drive, Canyon Lake, CA 92587
3 beds · 3 baths · 1,621 sqft
About Canyon Lake, TN Real Estate
Canyon Lake is a city and gated community in Riverside County, California, United States, located on Canyon Lake reservoir. Canyon Lake began as a master-planned community developed by the Corona Land Company in 1968. The City of Canyon Lake was incorporated on December 1, 1990. As of the 2020 census, Canyon Lake had a population of 11,082. Railroad Canyon Dam was built in 1927, and impounds the San Jacinto River to fill the reservoir, which covers 383 acres (1.55 km2) and has 14.9 miles (24.0 km) of shoreline.
Canyon Lake is a private gated community centered around its reservoir lake. Features upscale homes, water recreation, and 24-hour security.
Today, Canyon Lake has 96 homes for sale at a median price of $910,000, typically selling in about 64 days.
Why Live in Canyon Lake?
- Private gated community
- Lake recreation
- Golf course
- Security
Canyon Lake Market Pulse
Median Home Price
$663K
↓ 1.9% over the past yearMonths of Supply
Estimated time to sell all listings at the current sales pace
6.5 months of supply
Buyer's Market98 active listings—plenty of options to choose from.
What this means for buyers
There is more inventory than recent sales absorb—buyers have plenty of options and stronger footing to negotiate price and terms. Listings typically sell in ~64 days.
Sales Velocity
How fast homes are selling
Homes are sitting on the market—buyers often have strong leverage to negotiate price, terms, and repairs. Sales 62% faster than 6 months ago.
Inventory Distribution
Homes are taking longer to sell—a larger share of listings remain on the market beyond 30 days, giving buyers more leverage.
Housing Tenure in Canyon Lake
Homeownership is significantly higher than average—this is a homeowner-dominated market with more long-term residents.
79%
Homeowners
21%
Renters
Homeownership is 23.5% 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 $465K in value on average, with larger homes seeing bigger price jumps.
Largest increase: 5 → 6 bedrooms (+$820K)
Price Reductions
53 listings have reduced their price
54% of active listings
Average reduction: 6.0% (~$55K)
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