Is Canton, MA a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canton is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Canton has remained a Seller's Market.

Key Takeaway

Canton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Canton, MA

How much do homes in Canton, MA cost?

Median Sold Price

$715,000

$365/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$50,000(+7.5%)

Key Takeaway

Homes in Canton have sold for 7.5% more than they did a year ago.

Summary: The median home sold price in Canton was $715,000 in May 2024, up 7.5% from last year, and the median price per square foot was $365.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $255K$298.7K
+17.2%
2 $510.2K$536K
+5.0%
3 $621K$700K
+12.7%
4 $905K$877.6K
-3.0%
5+ $995K$1.0M
+1.0%

Summary: Canton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 17.2%, 2 bedroom homes increased by 5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 3%, and 5+ bedroom homes increased by 1%.

Median Sold Price Compared To Nearby Cities

Dedham
+10.4%
Canton
+7.5%
Milton
+1.7%
Norwood
0.0%
Westwood
-12.5%

Housing Supply in Canton, MA

How many homes are available in Canton, MA?

Number of Homes For Sale

Apr 2024May 2024CHANGE
6977+11.6%

Summary: The Canton real estate market had 77 homes for sale in May 2024, a 11.6% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 46
+50.0%
2 2225
+13.6%
3 1319
+46.2%
4 2216
-27.3%
5+ 811
+37.5%

Summary: The Canton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 13.6%, 3 bedroom homes increased by 46.2%, 4 bedroom homes decreased by 27.3%, and 5+ bedroom homes increased by 37.5%.

Number of Homes Sold

Apr 2024May 2024CHANGE
19190.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

13 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canton, you could pay more than the asking price. 68.4% of homes here sold above asking price last month.

Summary: A total of 19 homes were sold or pending in Canton in May 2024, the same as the previous month. Of the 19 sold homes, 32% were sold under asking, 0% were sold at asking, and 68% were sold over asking.

Days on Market for Canton, MA

How long does it take to sell a home in Canton, MA?

Average Sale Time

May 2023May 2024CHANGE
20 Days16 Days-20.3%

Summary: Homes in Canton had an average of 16 days on market in May 2024, down by 20.3% compared to last year.

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Canton are selling fast, if you're buying plan to act quickly.

Summary: During May 2024, 19 homes were sold in Canton; 95% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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MLS Disclaimers and Copyright

Based on information from MLS Property Information Network Inc. for the period 06/01/2022 - 06/01/2024

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 6/2/2024, 7:20:31 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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