Canyon Lake Housing Market Report – July 2026
Here's a look at how the Canyon Lake, CA real estate market performed in July 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 30
- Median Sale Price: $632,500
- Average Sale Price: $805,533
- Average Price Per Sq Ft: $371
- Average Days on Market: 79
- Sale-to-List Price Ratio: 97.4%
Month-Over-Month Trends
Compared to June, the median sale price in Canyon Lake moved 6.0% down (from $673,000 to $632,500). The number of homes sold was 50.0% up compared to the prior month (20 vs. 30). Average days on market shifted 48.4% down (153 days to 79 days).
Year-Over-Year Comparison
Compared to July 2025, the median sale price is 4.9% up (from $603,000 to $632,500). Sales volume is 76.5% up year-over-year.
What This Means
Canyon Lake's housing market is showing signs of healthy momentum heading into late summer. The median sale price of $632,500 represents solid year-over-year growth of nearly 5 percent, suggesting the market has maintained its footing despite broader economic uncertainties. More impressively, homes are moving significantly faster—days on market have plummeted from 153 to just 79 days month-over-month, indicating stronger buyer demand. The sale-to-list ratio of 97.4 percent tells us sellers aren't having to make major concessions, which points to a relatively balanced market rather than a buyer's market.
The inventory situation paints a more nuanced picture. With 186 active listings and a median asking price of $738,950, there's adequate supply for shoppers, though that inventory is sitting longer—averaging 114 days. The 6 percent dip in median price from June likely reflects normal seasonal fluctuations rather than a downward trend, especially given the year-over-year appreciation. The price per square foot of $371 remains consistent with the area's character as an affordable Lake County option.
Overall, Canyon Lake presents a balanced market where both buyers and sellers can negotiate from reasonably strong positions. The acceleration in sales velocity suggests buyer interest is picking up as summer wanes, making this a relatively opportune moment in the cycle.
Canyon Lake Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92587 | 30 | $632,500 | $371 | 79 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 26 | $648,750 | $372 |
| CONDOS | 2 | $337,500 | $295 |
| MOBILE | 2 | $582,500 | $436 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $200K - $299K | 1 |
| $300K - $399K | 1 |
| $400K - $499K | 1 |
| $500K - $749K | 18 |
| $750K+ | 9 |
Current Active Listings
As of this report, there are 186 active listings in Canyon Lake with a median asking price of $738,950 and an average of 114 days on market.
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