With only one closed sale in nearly eight months and inventory stretching to nearly 40 months of supply, Canehill is currently classified as a buyer's market.
Price Trends
Only one home sold in Canehill during this period, closing at $113,000, which represented 81% of its most recent list price. Active listings currently carry a median list price of $779,000 and an average list price of $995,867, showing a fairly wide spread among what is currently offered. Because the sale figures reflect a single transaction, they are best read as a snapshot of that one sale rather than a broad pricing trend for the area.
Inventory & Supply
Canehill shows 5 active listings against a pace of just one completed sale in the period, producing months of supply of 39.9 — a level associated with a buyer's market. For comparison, Washington County as a whole shows 1,872 active listings and a months-of-supply figure of 14,945.3, reflecting the difference in scale between the full county and this single city. The absorption rate for Canehill sits at 2.51%, and the pending-to-active ratio is 0%, pointing to limited contract activity relative to what's currently listed.
Pace of Sales
The one recorded sale in Canehill took an average of 63 days to close, matching the median days-on-market figure for the period. Sell-through was 11.1%, meaning a small share of listed inventory converted to a completed sale during this stretch. With so few transactions recorded, these pace figures describe a quiet period rather than an established trend.
Property & Price Range Notes
The completed sale fell into the Under $150K price range, while the remaining active inventory in Canehill spans from the $150K–$300K bracket up through $1.05M and above, including two listings priced above $1.05M. Houses account for both the sale and the bulk of active listings, with a median size of 2,016 square feet and a median year built of 1985 across the properties sampled.
At a Glance
- Average Days on Market: 63
- Months of Supply: 39.9
- Median List Price: $779,000
- Median Sale Price: $113,000
- Sell-Through Rate: 11.1%
- Active Listings: 5
See the full interactive year-to-date market report: https://nwastats.com/market-report/canehill-washington-county-year-to-date-market-update/