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

Last month, Canon City was a Neutral 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

$465,000

$260/sqft

Based on all homes sold in March 2024.

Difference Since Last Month

+$210,000(+82.4%)

Key Takeaway

Homes in Canon City have sold for 82.4% more than they did a month ago.

Summary: The median home sold price in Canon City was $465,000 in March 2024, up 82.4% from last month, and the median price per square foot was $260.

Median Sold Price By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 --
N/A
2 $255K$465K
+82.4%
3 $291.7K$541K
+85.4%
4 --
N/A
5+ --
N/A

Summary: Canon City housing prices by bedroom type for March 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 82.4%, 3 bedroom homes increased by 85.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Canon City
+82.4%
Victor
+80.6%

Housing Supply in Canon City, CO

How many homes are available in Canon City, CO?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
5458+7.4%

Summary: The Canon City real estate market had 58 homes for sale in March 2024, a 7.4% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 11
0.0%
2 910
+11.1%
3 3432
-5.9%
4 710
+42.9%
5+ 35
+66.7%

Summary: The Canon City housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.1%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
96-33.3%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

1 Home Was 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. 50% of homes here sold below asking price last month.

Summary: A total of 6 homes were sold or pending in Canon City in March 2024, down by 33.3% month-over-month. Of the 6 sold homes, 50% were sold under asking, 33% were sold at asking, and 17% 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

Feb 2024Mar 2024CHANGE
90 Days47 Days-47.4%

Summary: Homes in Canon City had an average of 47 days on market in Mar 2024, down by 47.4% compared to last month.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Canon City are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 6 homes were sold in Canon City; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% 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 25 Days Ago

Newest Listings in Canon City, CO

Nearby Markets to Canon City, CO

What housing markets are near Canon City, CO?