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Town comparisons › Canon City vs Penrose

Canon City vs Penrose

Canon City and Penrose are both in Fremont County. There are 47 homes for sale in Canon City and 12 in Penrose as this page loaded. Penrose is the more expensive of the two: a median asking price of $507,500 against $449,900 in Canon City, about 13% higher. Homes are moving faster in Penrose — a median of 68 days on market against 73 in Canon City. Canon City is a balanced market right now and Penrose is a buyer's market.

Side by side

MeasureCanon CityPenrose
Homes for sale4712
New in last 30 days53
Median asking price$449,900$507,500
Median price per sq ft$226$254
Median size (sq ft)2,0161,634
Median bedrooms33
Median days on market7368
Months of supply5.96.9
Sold, last 12 months9621
Median sold price$359,500$525,000
Median days to sell86124
Sold vs asking price98.0%98.0%

The darker figure in each row is the lower price, the shorter wait or the larger number — which of those is the good news depends entirely on whether you are buying or selling.

What each market is doing

Canon City is a balanced marketBetween three and six months of supply is the range where neither side has the upper hand - well-priced homes sell and buyers still have room to negotiate.
Penrose is a buyer's marketOver six months of supply means there are more homes for sale than the current pace of sales absorbs. Buyers have choice and time, and sellers usually have to compete on price or condition.

Canon City

47
Homes for sale
$449,900
Median asking price
$226
Median per sq ft
73
Median days on market

Penrose

12
Homes for sale
$507,500
Median asking price
$254
Median per sq ft
68
Median days on market

Look at either town on its own

Questions people ask

Is Canon City or Penrose more expensive?

Penrose is more expensive. The median asking price is $507,500 in Penrose against $449,900 in Canon City. By price per square foot, Canon City runs $226 and Penrose $254.

Which moves faster, Canon City or Penrose?

Homes for sale in Penrose have been on the market a median of 68 days, against 73 days in Canon City. Of the homes that actually closed in the last twelve months, Canon City took a median of 86 days and Penrose 124.

Is Canon City or Penrose the better market for a buyer?

Canon City is a balanced market and Penrose is a buyer's market, measured on months of supply — 5.9 months in Canon City and 6.9 in Penrose. More months of supply means more choice and more room to negotiate, so on that measure Penrose is the easier of the two to buy in today. That is the arithmetic, not advice — the right town is the one you want to live in.

How many homes are for sale in Canon City and Penrose?

There are 47 homes for sale in Canon City and 12 in Penrose as this page loaded, 5 and 3 of them new in the last 30 days.

How current are these figures?

They are not published on a schedule and they are not a monthly snapshot. Both towns are read from the live MLS feed at the same instant, when you open this page, so the two sides are always measured against each other rather than against different weeks.

Both sides of this comparison are recalculated from the live MLS feed at the moment the page loads - neither is a monthly snapshot, and the two are read at the same instant so they are always comparable. Figures cover residential homes for sale; rentals, land and commercial are excluded, as are fractional co-ownership shares, which are priced per share and would distort the medians. Sold figures cover the last twelve complete calendar months. Market data is deemed reliable but not guaranteed - talk to us before making a decision on it.