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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canton is a neutral's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Canton was a Seller's Market.

Key Takeaway

Canton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Canton, GA

How much do homes in Canton, GA cost?

Median Sold Price

$534,303

$203/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$49,794(+10.3%)

Key Takeaway

Homes in Canton have sold for 10.3% more than they did a year ago.

Summary: The median home sold price in Canton was $534,303 in October 2024, up 10.3% from last year, and the median price per square foot was $203.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $425K$366.7K
-13.7%
2 $395.5K$461.6K
+16.7%
3 $400K$411.9K
+3.0%
4 $484.4K$525K
+8.4%
5+ $644.8K$703K
+9.0%

Summary: Canton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13.7%, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 8.4%, and 5+ bedroom homes increased by 9%.

Median Sold Price Compared To Nearby Cities

Canton
+10.3%
Holly Springs
+8.2%

Housing Supply in Canton, GA

How many homes are available in Canton, GA?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
755815+7.9%

Summary: The Canton real estate market had 815 homes for sale in October 2024, a 7.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 66
0.0%
2 5666
+17.9%
3 264264
0.0%
4 221254
+14.9%
5+ 208225
+8.2%

Summary: The Canton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.9%, 3 bedroom homes remained the same, 4 bedroom homes increased by 14.9%, and 5+ bedroom homes increased by 8.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
175129-26.3%

Asking Price vs. Sold Price

73 Homes Were Sold
Under Asking

37 Homes Were Sold
At Asking

16 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. 57.9% of homes here sold below asking price last month.

Summary: A total of 129 homes were sold or pending in Canton in October 2024, down by 26.3% month-over-month. Of the 126 sold homes, 58% were sold under asking, 29% were sold at asking, and 13% were sold over asking.

Days on Market for Canton, GA

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

Average Sale Time

Oct 2023Oct 2024CHANGE
27 Days32 Days+15.6%

Summary: Homes in Canton had an average of 32 days on market in Oct 2024, up by 15.6% compared to last year.

Breakdown of Home Sale Times

79 Homes Were Sold
Under 30 Days

43 Homes Were Sold
In 30 - 90 Days

7 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 October 2024, 129 homes were sold in Canton; 61% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 5% 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 5 Days Ago

Newest Listings in Canton, GA

Nearby Markets to Canton, GA

What housing markets are near Canton, GA?