Canyon Housing Market Report May 2025•Randall County, Texas

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Housing Prices in Canyon, TX

How much do homes in Canyon, TX cost?

Housing Market Conditions

Is Canyon, TX a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Canyon is a Neutral Market

Difference Since April 2025

Last month, Canyon was a Seller's Market.

Insight

Canyon is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$305,250–
+$5,350
+1.8%

Based on all homes sold in May 2025

Insight

Homes in Canyon have sold for 1.8% more than they did a month ago.

Summary: The median home sold price in Canyon was $305,250 in May 2025, up 1.8% from last month, and the median price per square foot was $0.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange MoM
Amarillo
+5.7%
Canyon
+1.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsApr 2025May 2025Change MoM
1$110K-
N/A
2$132K$146.5K
+11.0%
3$271.7K$280K
+3.1%
4$370K$390.3K
+5.5%
5--
N/A

Summary: Canyon housing price by bedroom type for May 2025, compared to the previous month. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +11.0%. The home price for 3 bedroom homes increased by +3.1%. The home price for 4 bedroom homes increased by +5.5%. The home price for 5 bedroom homes did not change.

How does Canyon, TX compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Canyon, TX

Housing supply in Canyon, TX

How many homes are available in Canyon, TX?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
177Last MonthMay 2025
1562 months agoApr 2025
+13.5 %
Change MoMApr – May

Summary: The Canyon real estate market had 177 homes for sale in May 2025, a 13.5 % increase compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
26Last MonthMay 2025
332 months agoApr 2025
-21.2 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
121
-50.0%
254
-20.0%
37386
+17.8%
46975
+8.7%
5711
+57.1%

Summary: Canyon housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes decreased by -50.0%. The inventory for 2 bedroom homes decreased by -20.0%. The inventory for 3 bedroom homes increased by +17.8%. The inventory for 4 bedroom homes increased by +8.7%. The inventory for 5 bedroom homes increased by +57.1%.

Asking Price vs. Sold Price

How much do homes in Canyon, TX cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price4 Homes

At Asking Price10 Homes

Under Asking Price12 Homes

Insight

If you're buying a home in Canyon, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Canyon in May 2025, down by 21.2% month-over-month. Of the 26 sold homes, 46% were sold under asking, 38% were sold at asking, and and 15% were sold over asking.

Days on Market for Canyon, TX

How long does it take to sell a home in Canyon, TX?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days13 Homes

Over 90 Days10 Homes

Insight

Avg time on Rocket Homes in Canyon has remained consistent over time.

Summary: During May 2025, 26 homes were sold in Canyon; 12% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 38% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
Last Month1 month agoChange MoM
76 DaysLast MonthMay 2025
66 Days1 month agoApr 2025
+14.7 %
Change MoMApr – May

Summary: Homes in Canyon had an average listing age of 76 days in May 2025, up by 14.7% compared to the previous month.

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Newest Listings in Canyon, TX

What homes are available in Canyon, TX?

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Nearby markets

Nearby markets aren't available for Canyon, TX

Popular Cities with Homes for Sale in Texas

MLS Disclaimers and Copyright

Based on information from Amarillo Association of REALTORS MLS, Lubbock Multiple Listing Service, and Unlock MLS for the period 04/01/2025 - 06/01/2025

IDX information is provided exclusively for consumers' personal, non-commercial use, that may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that data is deemed reliable but not guaranteed accurate by the MLS. Source of this information is from Amarillo Association of REALTORS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 6/10/2025, 8:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Lubbock Association of REALTORS®. All rights reserved.

IDX information is provided exclusively for consumers’ personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 1/30/2025, 10:15:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Based on information from the Austin Board of REALTORS® (alternatively, from ACTRIS or Unlock MLS®). All information provided is deemed reliable but is not guaranteed and should be independently verified. The Austin Board of REALTORS®, ACTRIS, Unlock MLS and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data maintained by the Board, ACTRIS or Unlock MLS may not reflect all real estate activity in the market. Prices displayed on all Sold listings are the Last Known Listing Price and may not be the actual selling price.

Copyright 2025 Unlock MLS and Austin Central Texas Realty Information Services, Inc.

IDX Listings courtesy of Unlock MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.


Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


Texas Real Estate Commission Consumer Protection Notice

Texas Real Estate Commission Information About Brokerage Service

Last updated on: 6/10/2025, 8:45:26 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.