Is Canon City, CO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canon City is a buyer's market

Buyer's
Market

Difference Since Last Month

Since last month, Canon City has remained a Buyer's Market.

Key Takeaway

Canon City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Canon City, CO

How much do homes in Canon City, CO cost?

Median Sold Price

$310,000

$213/sqft

Based on all homes sold in September 2024.

Difference Since Last Month

-$166,000(-34.9%)

Key Takeaway

Homes in Canon City have sold for 34.9% less than they did a month ago.

Summary: The median home sold price in Canon City was $310,000 in September 2024, down 34.9% from last month, and the median price per square foot was $213.

Median Sold Price By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 $260K$193K
-25.8%
2 -$190K
N/A
3 $465K$435K
-6.5%
4 -$310K
N/A
5+ $583.5K-
N/A

Summary: Canon City housing prices by bedroom type for September 2024 compared to the previous month: The home price of 1 bedroom homes decreased by 25.8%, 2 bedroom homes did not change, 3 bedroom homes decreased by 6.5%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cotopaxi
+22.9%
Victor
+13.6%
Canon City
-34.9%

Housing Supply in Canon City, CO

How many homes are available in Canon City, CO?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8395+14.5%

Summary: The Canon City real estate market had 95 homes for sale in September 2024, a 14.5% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 32
-33.3%
2 810
+25.0%
3 4552
+15.6%
4 1722
+29.4%
5+ 109
-10.0%

Summary: The Canon City housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 25%, 3 bedroom homes increased by 15.6%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
87-12.5%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canon City, you may be able to get a good deal. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Canon City in September 2024, down by 12.5% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% were sold over asking.

Days on Market for Canon City, CO

How long does it take to sell a home in Canon City, CO?

Average Sale Time

Aug 2024Sep 2024CHANGE
126 Days63 Days-50.1%

Summary: Homes in Canon City had an average of 63 days on market in Sep 2024, down by 50.1% compared to last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Canon City has remained consistent over time.

Summary: During September 2024, 7 homes were sold in Canon City; 14% of homes were sold within 30 days, 71% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated Sep 1, 2024

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