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

$362,500

$211/sqft

Based on all homes sold in August 2024.

Difference Since Last Month

+$152,500(+72.6%)

Key Takeaway

Homes in Cañon City have sold for 72.6% more than they did a month ago.

Summary: The median home sold price in Cañon City was $362,500 in August 2024, up 72.6% from last month, and the median price per square foot was $211.

Median Sold Price By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 -$260K
N/A
2 $210K-
N/A
3 -$256.7K
N/A
4 --
N/A
5+ -$487K
N/A

Summary: Cañon City housing prices by bedroom type for August 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 did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Cañon City
+72.6%
Canon City
+31.7%

Housing Supply in Cañon City, CO

How many homes are available in Cañon City, CO?

Number of Homes For Sale

Jul 2024Aug 2024CHANGE
3151+64.5%

Summary: The Cañon City real estate market had 51 homes for sale in August 2024, a 64.5% increase compared to July 2024.

Homes For Sale By Bedroom Count

# BEDSJul 2024Aug 2024CHANGE
1 22
0.0%
2 56
+20.0%
3 1629
+81.3%
4 611
+83.3%
5+ 23
+50.0%

Summary: The Cañon City housing inventory by bedroom type for August 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 81.3%, 4 bedroom homes increased by 83.3%, and 5+ bedroom homes increased by 50%.

Number of Homes Sold

Jul 2024Aug 2024CHANGE
24+100.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

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

Summary: A total of 4 homes were sold or pending in Cañon City in August 2024, up by 100.0% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% 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

Jul 2024Aug 2024CHANGE
64 Days90 Days+39.5%

Summary: Homes in Cañon City had an average of 90 days on market in Aug 2024, up by 39.5% compared to last month.

Breakdown of Home Sale Times

1 Home Was 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

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

Summary: During August 2024, 4 homes were sold in Cañon City; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 15 Days Ago

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Based on information from Pikes Peak MLS / Colorado Springs Realtor Services Corp., and REColorado for the period 07/01/2024 - 09/01/2024

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