Canyon Lake Market Recap: Sales Up, Prices Down in Rolling Six Months

Canyon Lake saw 43 homes sell in the rolling six months ending September 30, 2026, an increase from the prior six-month period and a rise compared to the same window last year. Despite higher activity, the median closed price settled at $425,000, down 4.6% from $445,450 a year ago and up 6.2% from the prior six-month period. ALEX Intelligence analyzed the data to show that while homes are selling faster than last year, prices remain under pressure. The median days on market dropped 38.9% compared to the prior six months to 69 days, yet it remains 11.3% higher than the same period last year when sales were slower. The share of homes selling below original list price fell 13.9% year-over-year to 83.7%, suggesting slightly more negotiating power for buyers in recent transactions compared to a year ago. New construction accounted for just two of the 43 closings, while the median living area grew 13.4% year-over-year to 2,113 square feet. With 102 active listings and 43 sales over six months, the market holds roughly 14.2 months of inventory, indicating a buyer-favorable environment. The median price per square foot held steady at $236, matching the prior period but dipping 0.4% from last year. Current mortgage rates stand at 7.32% as of the week of October 22, 2026, according to Freddie Mac. A buyer purchasing a median-priced home with a down payment would face a principal and interest payment of $2,336 monthly. Want a closer look? Reply or call George at 713.918.9951 and we'll set up a showing. Coverage: most home sales in Canyon Lake are listed in another MLS, which ALEX does not receive yet. The figures in this post count only sales listed in Unlock MLS (ABOR), so they describe part of the local market, not all of it. Data from Unlock MLS. Information deemed reliable but not guaranteed. Model outputs are ALEX Intelligence estimates, not appraisals. Read more Central Texas market data on the ALEX blog: https://alex-companies.com/blog