$30,000
2.54 Acres
Land
Susie Wargin, Listing Office: RE/MAX Alliance
Is Canon City, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller'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
$550,000
$230/sqft
Based on all homes sold in November 2024.
Difference Since Last Month
+$53,000(+10.7%)
Key Takeaway
Homes in Canon City have sold for 10.7% more than they did a month ago.
Summary: The median home sold price in Canon City was $550,000 in November 2024, up 10.7% from last month, and the median price per square foot was $230.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $578K | N/A |
| 2 Bedrooms | - | $276K | N/A |
| 3 Bedrooms | $459K | $593K | +29.2% |
| 4 Bedrooms | $549K | $638.5K | +16.3% |
| 5+ Bedrooms | - | - | N/A |
Summary: Canon City housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Canon City | $497K | $550K | +10.7% |
| Cotopaxi | $475K | $285K | -40.0% |
Housing Supply in Canon City, CO
How many homes are available in Canon City, CO?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 80 | 97 | +21.3% |
Summary: The Canon City real estate market had 97 homes for sale in November 2024, a 21.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 20 | +33.3% |
| 3 Bedrooms | 38 | 44 | +15.8% |
| 4 Bedrooms | 16 | 21 | +31.3% |
| 5+ Bedrooms | 10 | 11 | +10.0% |
Summary: The Canon City housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 15.8%, 4 bedroom homes increased by 31.3%, and 5+ bedroom homes increased by 10%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 6 | 7 | +16.7% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
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 November 2024, up by 16.7% 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
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 Days | 131 Days | +339.6% |
Summary: Homes in Canon City had an average of 131 days on market in Nov 2024, up by 339.6% compared to last month.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Canon City are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 7 homes were sold in Canon City; 29% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 43% of homes were sold over 90 days.
Listings courtesy of REColorado as distributed by MLS GRID.
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