Is Canton Township, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Canton Township has remained a Seller's Market.
Key Takeaway
Canton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canton Township, IL
How much do homes in Canton Township, IL cost?
Median Sold Price
$98,500
$76/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Canton Township have sold for 13.9% more than they did a year ago.
Summary: The median home sold price in Canton Township was $98,500 in March 2024, up 13.9% from last year, and the median price per square foot was $76.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $61.5K | $46.2K | -24.9% |
| 2 Bedrooms | $64K | $75K | +17.2% |
| 3 Bedrooms | $107K | $120.5K | +12.6% |
| 4 Bedrooms | $147K | $180K | +22.4% |
| 5+ Bedrooms | $144K | $135K | -6.3% |
Summary: Canton Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.9%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 12.6%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes decreased by 6.3%.
Median Sold Price Compared To Nearby Cities
| Canton | $85K | $98.5K | +15.9% |
| Canton Township | $86.5K | $98.5K | +13.9% |
Housing Supply in Canton Township, IL
How many homes are available in Canton Township, IL?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 54 | 42 | -22.2% |
Summary: The Canton Township real estate market had 42 homes for sale in March 2024, a 22.2% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 18 | 17 | -5.6% |
| 3 Bedrooms | 25 | 17 | -32.0% |
| 4 Bedrooms | 8 | 7 | -12.5% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Canton Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 5.6%, 3 bedroom homes decreased by 32%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 12 | 11 | -8.3% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canton Township, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Canton Township in March 2024, down by 8.3% month-over-month. Of the 11 sold homes, 82% were sold under asking, 0% were sold at asking, and 18% were sold over asking.
Days on Market for Canton Township, IL
How long does it take to sell a home in Canton Township, IL?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 77 Days | 83 Days | +7.7% |
Summary: Homes in Canton Township had an average of 83 days on market in Mar 2024, up by 7.7% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Canton Township are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 11 homes were sold in Canton Township; 45% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
Listings courtesy of RMLS Alliance as distributed by MLS GRID.