Is Canton, NC 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, NC

How much do homes in Canton, NC cost?

Median Sold Price

$327,677

$224/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$15,177(+4.9%)

Key Takeaway

Homes in Canton have sold for 4.9% more than they did a year ago.

Summary: The median home sold price in Canton was $327,677 in May 2024, up 4.9% from last year, and the median price per square foot was $224.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $115K$115K
0.0%
2 $225K$241.8K
+7.5%
3 $325.7K$350K
+7.4%
4 $349K$321.5K
-7.9%
5+ $403K$550K
+36.5%

Summary: Canton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.5%, 3 bedroom homes increased by 7.4%, 4 bedroom homes decreased by 7.9%, and 5+ bedroom homes increased by 36.5%.

Median Sold Price Compared To Nearby Cities

Beaverdam Township
+11.0%
Canton
+4.9%
Leicester
0.4%

Housing Supply in Canton, NC

How many homes are available in Canton, NC?

Number of Homes For Sale

Apr 2024May 2024CHANGE
7781+5.2%

Summary: The Canton real estate market had 81 homes for sale in May 2024, a 5.2% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2323
0.0%
3 3838
0.0%
4 1315
+15.4%
5+ 35
+66.7%

Summary: The Canton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 15.4%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

Apr 2024May 2024CHANGE
2017-15.0%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

5 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canton, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Canton in May 2024, down by 15.0% month-over-month. Of the 17 sold homes, 59% were sold under asking, 12% were sold at asking, and 29% were sold over asking.

Days on Market for Canton, NC

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

Average Sale Time

May 2023May 2024CHANGE
34 Days33 Days-2.9%

Summary: Homes in Canton had an average of 33 days on market in May 2024, down by 2.9% compared to last year.

Breakdown of Home Sale Times

11 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

2 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, 17 homes were sold in Canton; 65% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 12% 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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