Photo: Pf1127 · CC BY 4.0212 homes sold in Canyon Lake in the last year, at a typical $765K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Canyon Lake homes are listed.
Every place Canyon Lake homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Canyon Lake.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
6% of Canyon Lake’s sales are condos, at $255K less than a house
182 houses and 12 condos sold in the year to May 2026. Houses sell faster and draw more bidding wars.
typical sale · 182 sold in the year to May 2026
- Per square foot
- $349CA $494
- Days to sell
- 68
- Sold over asking
- 25%
- Listings with a price cut
- 29%
typical sale · 12 sold in the year to May 2026
- Per square foot
- $402CA $561
- Days to sell
- 126
- Sold over asking
- 0%
- Listings with a price cut
- 43%
Townhouses: 2 sold, typical $633K
Too few sales in 12 months for reliable figures.
Fewer homes sell than before 2021, at twice the 2016 price
212 sales in the last year, against 377 in 2020 and a low of 187 in 2024. The typical sale went from $384K in 2016 to $765K.
Source: Redfin Data Center, MLS sales; from June 2026 each month is a 3-month rolling window, its counts divided by 3. Typical price and $/sq ft are the monthly medians, weighted by sales. Redfin stopped publishing towns’ figures by property type after May 2026, so houses and condos are shown for the year to then.
What $750K buys in Canyon Lake
Check a listing against what Canyon Lake homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Canyon Lake are back to pre-pandemic levels, but a quarter fewer homes come up for sale
We read every month of Canyon Lake’s home sales since 2012 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to September 2026, 212 sales.
If you’re buying in Canyon Lake
- Shop in March. It brings about 35 new listings a month, close to the busiest month, with fewer bidding wars (27% over asking).
- Offer under asking. Buyers paid 97.3% of the list price on average; 19% paid over.
- You’ll usually have time. Only 20% of homes go under contract within two weeks; the typical one takes 66 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 39 a month), but April is the most competitive: 33% of April sales close over asking. March offers nearly as much choice with fewer homes bid up (27%). January has the least competition (23%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than California
| Canyon Lake now | 2017–19 | 2021 peak | CA now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 19% | 20% | 51% | 35% |
| Gone within two weeksShare of homes under contract within 14 days | 20% | 23% | 47% | 33% |
| Price paid vs. askingAverage sale price ÷ list price | 97.3% | 97.9% | 100.6% | 99.9% |
| Days to sellMedian days from listing to contract | 66 | 70 | 36 | 43 |
91 homes for sale on a typical day
That’s twice the 2023 low (43), 22% fewer than in 2017–19 and well under 2015’s 130.
Since 2019, houses are up 58%, condos 93%
A house typically sold for $761K in the year to May 2026 (182 sales), a condo for $506K (12).
Median sale price, weighted by sales each month. Years with fewer than 4 sales of a type are left out.
Canyon Lake ranks 494th of 560 busy California markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Canyon Lake is one of the state’s calmer markets.
Source: Redfin Data Center, city figures, January 2012 to September 2026 (MLS sales, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Canyon Lake home costs about $4,478 a month
Price: Canyon Lake’s typical sale, last 12 months. Property tax at Canyon Lake’s 0.8% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Canyon Lake is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in May
The month with the most choice. December has the fewest, about 14.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $765K home, about $5,840 a year.
Taxes vs. neighborsSchools
The schools grade for Canyon Lake, from test results, graduation and how much students grow.
Schools in Canyon LakeTypical commute
The average one-way trip to work for people who live in Canyon Lake.
Work & commuteCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
Lake Elsinore, Menifee, Wildomar, Lakeland Village, Perris and Murrieta sell for less a square foot
The busier markets within 25 miles of Canyon Lake, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Menifee | 1,580 | $570K | $285 | 37% | 47 |
| Murrieta | 1,143 | $659K | $315 | 37% | 51 |
| Lake Elsinore | 700 | $602K | $283 | 39% | 57 |
| Perris | 463 | $564K | $277 | 50% | 48 |
| Wildomar | 279 | $675K | $286 | 41% | 51 |
| Canyon Lake | 212 | $765K | $359 | 19% | 66 |
| Lakeland Village | 130 | $530K | $342 | 48% | 59 |
Redfin Data Center, October 2025 to September 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Canyon Lake, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Canyon Lake. People who follow the town see it, and so do people comparing Canyon Lake with their own town. No commission, no listing fee.
Questions about buying a home in Canyon Lake
What do homes sell for in Canyon Lake, CA?
212 homes sold in the year to September 2026 at a typical $765K, $359 a square foot. Houses sold for about $761K, condos for about $506K in the year to May 2026.
Is Canyon Lake a buyer’s or seller’s market?
A balanced market: 97 homes were for sale in September 2026 and 21 sold, about 4.6 months of supply. Buyers paid 97.3% of asking on average.
When is the best time to buy in Canyon Lake?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Canyon Lake?
About 0.8% of a home’s value a year. On a $765K home that’s near $5,840.
Where can I see homes for sale in Canyon Lake?
Zillow, Redfin, Realtor.com and Homes.com all carry Canyon Lake’s MLS listings; the search links above open each one filtered to Canyon Lake.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted; from June 2026 each month is a 3-month rolling window, its counts divided by 3). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).