Is Canyon City, OR 97820 a buyer’s or seller’s market?
Canyon City is a buyer’s market. With about 11.7 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Canyon City housing market right now
In the three months ending August 31, 2026, 0% of homes in Canyon City, OR 97820 sold above their list price, the typical home went under contract in 248 days and there were 11.7 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (245 days then) and the median sale price rose 102% to $464,799. Overall, Canyon City is about as competitive as it was a year ago.
Within Grant County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Run the numbers for 97820
Nearby markets
Dayville 97825 — /sq ftJohn Day 97845Buyer’s market $176 /sq ftKimberly 97848 $355 /sq ftLong Creek 97856Seller’s market $90 /sq ft Browse all markets →Towns like Canyon City nearby
Find towns like Canyon City in other states →Where Canyon City is
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Questions about Canyon City real estate
Is Canyon City a buyer’s or seller’s market?
A buyer’s market: there were 11.7 months of supply in Canyon City, OR 97820 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 City?
The typical home went under contract in 248 days in the latest three months.
Do homes in Canyon City sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.0% of the list price.
What are property taxes in Canyon City?
About 0.73% of a home’s value a year in Grant County, or roughly $2,920 on a $400,000 home.
What is the median home price in Canyon City?
The median sale price was $464,799 in the three months ending August 31, 2026, about $228 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