Canon City, CO Housing Market

Canon City, CO's median home value is $343K, up 2.1% over the past year. Homes here sell in a median 63 days. Its PropertyIQ Score of 16 sits below the state average of 50, marking a market positioned to lag its state over the next three years.

PropertyIQ tracks the Canon City, CO housing market through two complementary lenses: price momentum from Zillow home-value trends over 3 and 12 months, and demand pressure from how quickly homes sell and how often sellers cut prices, drawn from Realtor.com. The PropertyIQ Score distills these into one number that predicts how this CO market is set to perform against its state benchmark.

Mountain West markets combine outdoor lifestyle appeal with booming tech and remote-work migration. Cities across Colorado, Utah, Arizona, and Nevada have experienced some of the nation's fastest appreciation, though rising interest rates have introduced new dynamics to these previously red-hot markets. Within the Mountain West, Canon City, CO's PropertyIQ Score of 16 runs below the Mountain West norm.

Colorado's housing market reflects the state's appeal to remote workers and outdoor enthusiasts. Denver's tech sector growth has pushed prices into new territory while mountain communities face their own supply challenges.

The PropertyIQ Score for the Canon City, CO market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag.

Use PropertyIQ's interactive analytics to compare Canon City, CO against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.