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Foreclosure Homes in Canyon, TX

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Canyon, TX Foreclosures

Current Market Conditions in in Canyon, TX As of February 2026?
In the past month, Canyon's real estate market has seen a slight increase in home prices, driven by a competitive environment and a shrinking inventory of available homes. Buyers are facing challenges finding homes that meet their needs, which has led to quicker sales and in some cases, bidding wars. These trends suggest sustained interest in the market, with opportunities remaining for both buyers and sellers.
How much do homes sell for in Canyon, TX?
The average home price is currently $315,417.
In Canyon, TX, how many homes are available?
There are currently 17 active home listings available in Canyon.
What’s the average rental cost in Canyon, TX?
The average rental price in Canyon is $1,263.
What is the most expensive home in Canyon?
The most expensive home sold in Canyon had a price of $7,279,566.
What is currently the cheapest priced home in Canyon, TX?
The cheapest home for sale in Canyon is priced at $14,481.

Living in Canyon, TX

Canyon, TX, is a quaint town located near the larger city of Amarillo. Known for its picturesque landscapes and friendly community, it offers a peaceful lifestyle with convenient access to urban amenities. Residents enjoy ample outdoor activities at nearby Palo Duro Canyon State Park and a solid education system with West Texas A&M University in town.

Buyer vs Seller Market in Canyon, TX

The real estate market in Canyon, TX, has shown a steady increase in home values over the past few years, driven by demand for both homes and rental properties. The town's appeal to families and students has created a healthy competition among buyers, making it a favorable market for sellers as well.

Recently, there has been an uptick in new construction projects, which will provide more housing options and potentially attract new residents to the area. Investors are also looking at Canyon as a viable option for rental income, boosting the purchasing power in the housing market.

Home Value Estimator For Canyon, TX

There are currently 8,685 real estate properties in Canyon, TX, with a median automated valuation model (AVM) price of $273,091.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Canyon, TX, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Canyon, TX, is $315,417.00, with the most expensive house in Canyon, TX, topping out at $7,279,566.00 and the cheapest home in Canyon, TX, clocking in at $14,481.00. In other words, there’s something for every potential homebuyer or savvy investor in Canyon, TX!

Rent Prices In Canyon, TX

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Canyon, TX, is on a rollercoaster ride. The average rent price in Canyon, TX, is $1,263.00. Indeed, when looking to rent in Canyon, TX, you can expect to pay as little as $560.00 or as much as $2,860.00, with the average rent median estimated to be $1,240.00. The good news is that finding an affordable and desirable property to rent in Canyon, TX -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Canyon, TX Foreclosures


Market Trend for Canyon, TX

Total Listings Available: 17

Market Values:

Home Prices from $14,481 to $7,279,566

Average Sales Price: $315,417

Rental Values:

Rental from $560 to $2,860

Average Rent Value: $1,263 / month

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