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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cañon City is a buyer's market

Buyer's
Market

Difference Since Last Month

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

Key Takeaway

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

Housing Prices in Cañon City, CO

How much do homes in Cañon City, CO cost?

Median Sold Price

$401,000

$225/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

-$103,000(-20.4%)

Key Takeaway

Homes in Cañon City have sold for 20.4% less than they did a month ago.

Summary: The median home sold price in Cañon City was $401,000 in November 2024, down 20.4% from last month, and the median price per square foot was $225.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$252K
N/A
3 $459K$211K
-54.0%
4 $549K$638.5K
+16.3%
5+ --
N/A

Summary: Cañon 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 decreased by 54%, 4 bedroom homes increased by 16.3%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Canon City
+10.7%
Cañon City
-20.4%

Housing Supply in Cañon City, CO

How many homes are available in Cañon City, CO?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4052+30.0%

Summary: The Cañon City real estate market had 52 homes for sale in November 2024, a 30.0% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1115
+36.4%
3 1721
+23.5%
4 811
+37.5%
5+ 45
+25.0%

Summary: The Cañon 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 36.4%, 3 bedroom homes increased by 23.5%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
440.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cañon City, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Cañon City in November 2024, the same as the previous month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.

Days on Market for Cañon City, CO

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

Average Sale Time

Oct 2024Nov 2024CHANGE
21 Days41 Days+94.2%

Summary: Homes in Cañon City had an average of 41 days on market in Nov 2024, up by 94.2% compared to last month.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2024, 4 homes were sold in Cañon City; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% 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 17 Days Ago

Newest Listings in Cañon City, CO

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