Is Canyon, MN 55717 a buyer’s or seller’s market?
Canyon is a seller’s market. With about 3.2 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Canyon housing market right now
In the three months ending August 31, 2026, 0% of homes in Canyon, MN 55717 sold above their list price, the typical home went under contract in 11 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, these figures can swing a lot from month to month.
Within St. Louis County, homes here sell faster than in 92% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Angora 55703 (100% sold over asking) and Buhl 55713 (100% sold over asking) are even more competitive.
Run the numbers for 55717
Nearby markets
Alborn 55702 — /sq ftAngora 55703Buyer’s market $121 /sq ftAurora 55705Balanced $129 /sq ftBabbitt 55706Seller’s market $91 /sq ft Browse all markets →Where Canyon is
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Questions about Canyon real estate
Is Canyon a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Canyon, MN 55717 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Canyon?
The typical home went under contract in 11 days in the latest three months.
Do homes in Canyon sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What are property taxes in Canyon?
About 1.03% of a home’s value a year in St. Louis County, or roughly $4,120 on a $400,000 home.
What is the median home price in Canyon?
The median sale price was $434,812 in the three months ending August 31, 2026, about $316 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology