Canyon Lake Housing Market Report – June 2026
Here's a look at how the Canyon Lake, CA real estate market performed in June 2026, based on actual sold data from the MLS.
Market Snapshot
- Homes Sold: 20
- Median Sale Price: $673,000
- Average Sale Price: $723,320
- Average Price Per Sq Ft: $312
- Average Days on Market: 153
- Sale-to-List Price Ratio: 97.2%
Month-Over-Month Trends
Compared to May, the median sale price in Canyon Lake moved 18.9% down (from $829,999 to $673,000). The number of homes sold was 35.5% down compared to the prior month (31 vs. 20). Average days on market shifted 75.9% up (87 days to 153 days).
Year-Over-Year Comparison
Compared to June 2025, the median sale price is 6.8% up (from $630,000 to $673,000). Sales volume is 25.9% down year-over-year.
What This Means
Canyon Lake's real estate market is showing signs of cooling after a strong spring. June saw a significant pullback in activity, with sales dropping 35.5% from May and days on market nearly doubling to 153 days. This slower pace is typical for late spring turning into summer, but the extended listing period suggests buyers are becoming more cautious. The median price dipped 18.9% month-over-month to $673,000, though it's worth noting that pricing can vary considerably depending on which properties sell in any given month.
The year-over-year picture tells a different story—prices are actually up 6.8% compared to June 2025, indicating the market has fundamentally strengthened over the past twelve months. However, the current inventory situation is noteworthy. With 187 active listings and sellers asking a median of $749,000, there's a noticeable gap between asking prices and what's actually selling. The 97.2% sale-to-list ratio shows buyers have some negotiating power, though homes are still moving at reasonable prices.
Overall, Canyon Lake appears to be normalizing after spring's peak season. Rising interest rates and typical summer market dynamics have likely contributed to the slower sales velocity and longer holding times. Buyers should find reasonable opportunities in the current environment, while sellers may need patience as the market adjusts.
Canyon Lake Sales by Zip Code
| Zip Code | Homes Sold | Median Price | Avg $/SqFt | Avg DOM |
|---|---|---|---|---|
| 92587 | 20 | $673,000 | $312 | 153 |
Sales by Property Type
| Property Type | Homes Sold | Median Price | Avg $/SqFt |
|---|---|---|---|
| SINGLE_FAMILY | 18 | $696,000 | $316 |
| LAND | 1 | $100,000 | N/A |
| MOBILE | 1 | $312,000 | $228 |
Sales by Price Range
| Price Range | Homes Sold |
|---|---|
| $100K - $199K | 1 |
| $300K - $399K | 1 |
| $500K - $749K | 11 |
| $750K+ | 7 |
Current Active Listings
As of this report, there are 187 active listings in Canyon Lake with a median asking price of $749,000 and an average of 108 days on market.
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