Is Canton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Canton has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $115K | $115K | 0.0% |
2 Bedrooms | $225K | $241.8K | +7.5% |
3 Bedrooms | $325.7K | $350K | +7.4% |
4 Bedrooms | $349K | $321.5K | -7.9% |
5+ Bedrooms | $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 | $300K | $333K | +11.0% |
Canton | $312.5K | $327.6K | +4.9% |
Leicester | $398.3K | $400K | 0.4% |
Housing Supply in Canton, NC
How many homes are available in Canton, NC?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
77 | 81 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 23 | 23 | 0.0% |
3 Bedrooms | 38 | 38 | 0.0% |
4 Bedrooms | 13 | 15 | +15.4% |
5+ Bedrooms | 3 | 5 | +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 2024 | May 2024 | CHANGE |
---|---|---|
20 | 17 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
34 Days | 33 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
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.