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Canyon Lake: Most Price Cuts in Two Weeks
By George Arnold Alexander III, MPA · Associate Broker · 2026-10-31
Deal of the Week

Deals of the Week by price quartile. The quartiles come from the last 12 months of closed sales here. Each pick has the top ALEX deal score in its price range.
Lower quartile: under $316,000
4142 Morningside WAY, Canyon Lake TX 78133 · MLS #5340236
Listed at $299,900, 3 bed, 2 bath, 1,300 sq ft. Listed 3% below the ALEX valuation; 3% under the local price per sq ft; price reduced 5% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1187531164/4142-Morningside-WAY-Canyon-Lake-TX
Lower-middle quartile: $316,000 to $400,000
231 Vip DR, Canyon Lake TX 78133 · MLS #9397797
Listed at $399,000, 4 bed, 2 bath, 2,080 sq ft. Listed 1% below the ALEX valuation; 19% under the local price per sq ft; price reduced 9% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1179198735/231-Vip-DR-Canyon-Lake-TX
Upper-middle quartile: $400,000 to $735,000
190 Magnolia MDW, Canyon Lake TX 78133 · MLS #6359335
Listed at $484,000, 3 bed, 2 bath, 1,956 sq ft. Listed 5% below the ALEX valuation; price reduced 8% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1184868742/190-Magnolia-MDW-Canyon-Lake-TX
Upper quartile: $735,000 and up
1424 Cattail DR, Canyon Lake TX 78133 · MLS #3233626
Listed at $850,000, 3 bed, 2.5 bath, 2,816 sq ft. Listed 2% below the ALEX valuation; price reduced 11% from original.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1164136320/1424-Cattail-DR-Canyon-Lake-TX
Key figures · Canyon Lake · rolling 6 months ending Sep 30, 2026
- 44 homes sold in Canyon Lake in the 6 months ending Sep 30, 2026 (up 22.2% on a year earlier).
- Median sale price: $420,000 (down 5.7% on a year earlier).
- Median price per square foot: $236.
- Median days on market: 70.
- Median sale price as a share of the original list price: 95.5%.
- 102 homes for sale now, about 13.9 months of supply at the pace of the last six months.
Source: Unlock MLS, ABOR-listed sales only, rolling 6 months ending Sep 30, 2026. Homes only (single-family, condo, townhome). Information deemed reliable but not guaranteed.
Eight homes for sale in Canyon Lake reduced their prices by a median $17,300 between October 18 and October 31, 2026. This represents nearly 8% of the 102 active listings in the market during that two-week window. The largest reduction was about 6.7% off the original asking price.
ALEX Intelligence analyzed the latest price changes to identify which sellers are adjusting their strategies. In this period, the median new list price for these reduced homes was $612,500. These adjustments often signal a shift in pricing strategy as sellers respond to current market conditions and buyer feedback.
The data covers only ABOR-listed sales and active listings in Canyon Lake. While individual property details are not listed here, the aggregate figures show that price reductions are a notable feature of the local supply this month. Buyers may find more negotiating opportunities among these recently reduced listings.
This snapshot reflects activity over the 14-day period ending October 31, 2026. The market remains active with 102 homes currently for sale, offering a range of options for those looking to purchase in Canyon Lake.
Price just reduced:
1722 Paradise PKWY, Canyon Lake, TX · MLS #7786784
Cut Oct 27 from $374,900 to $349,900, 6.7% lower. 1 bed, 4 bath, 3,281 sq ft. Listed by Luxely Real Estate.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1173834203/1722-Paradise-PKWY-Canyon-Lake-TX
4142 Morningside WAY, Canyon Lake, TX · MLS #5340236
Cut Oct 22 from $314,500 to $299,900, 4.6% lower. 3 bed, 2 bath, 1,300 sq ft. Listed by Sullivan Hill Country Properti.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1187531164/4142-Morningside-WAY-Canyon-Lake-TX
1889 Rush CRK, Canyon Lake, TX · MLS #2315140
Cut Oct 22 from $879,999 to $849,750, 3.4% lower. 5 bed, 3.5 bath, 4,337 sq ft. Listed by Leyco Real Estate.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1184252264/1889-Rush-CRK-Canyon-Lake-TX
1382 Primrose PATH, Canyon Lake, TX · MLS #4083308
Cut Oct 30 from $695,000 to $675,000, 2.9% lower. 3 bed, 2.5 bath, 1,832 sq ft. Listed by Keller Williams Wimberley.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1190338383/1382-Primrose-PATH-Canyon-Lake-TX
1748 Lakeshore DR, Canyon Lake, TX · MLS #4915563
Cut Oct 26 from $739,000 to $725,000, 1.9% lower. 3 bed, 2.5 bath, 1,576 sq ft. Listed by Coldwell Banker Realty.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1187336024/1748-Lakeshore-DR-Canyon-Lake-TX
2131 Fm 484, Canyon Lake, TX · MLS #2487964
Cut Oct 21 from $560,000 to $550,000, 1.8% lower. 3 bed, 2.5 bath, 2,112 sq ft. Listed by Sullivan Hill Country Properti.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1189968889/2131-Fm-484-Canyon-Lake-TX
1582 Valley DR, Canyon Lake, TX · MLS #9580421
Cut Oct 23 from $239,000 to $235,000, 1.7% lower. 2 bed, 1 bath, 1,120 sq ft. Listed by Realty One Group Prosper.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1189362690/1582-Valley-DR-Canyon-Lake-TX
3214 Comal Springs, Canyon Lake, TX · MLS #8970412
Cut Oct 28 from $1,449,000 to $1,428,000, 1.4% lower. 5 bed, 4.5 bath, 4,073 sq ft. Listed by Keller Williams Realty.
See it on alex.realestate: https://www.alex.realestate/listing-detail/1182522778/3214-Comal-Springs-Canyon-Lake-TX
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
Source data: Unlock MLS, ABOR-listed sales only, Oct 18 to Oct 31, 2026
Cover photo: Canyon Lake TX wide by unknown, Public domain, via Wikimedia Commons; darkened, cropped and text added.
Licensed by the Texas Real Estate Commission. Broker: Alexander Tiffany Southwest, LLC · License #565194-BB.
Diane Hart Alexander, Chair & CEO, ALEX Companies · Designated Broker · #574877-B · George Arnold Alexander III, Partner, ALEX Companies · Associate Broker · #574878-B
Texas Real Estate Commission Information About Brokerage Services · TREC Consumer Protection Notice · trec.texas.gov
Diane Hart Alexander, Chair & CEO, ALEX Companies · Designated Broker · #574877-B · George Arnold Alexander III, Partner, ALEX Companies · Associate Broker · #574878-B
Texas Real Estate Commission Information About Brokerage Services · TREC Consumer Protection Notice · trec.texas.gov










