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 September 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

$695,000

$388/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

-$5,000(-0.7%)

Key Takeaway

Homes in Canton have sold for 0.7% less than they did a year ago.

Summary: The median home sold price in Canton was $695,000 in September 2024, down 0.7% from last year, and the median price per square foot was $388.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $276K$336K
+21.7%
2 $525K$560K
+6.7%
3 $632.5K$705K
+11.5%
4 $876K$860K
-1.8%
5+ $865K$1.1M
+30.3%

Summary: Canton housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes increased by 6.7%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 1.8%, and 5+ bedroom homes increased by 30.3%.

Median Sold Price Compared To Nearby Cities

Dedham
+8.4%
Norwood
+6.9%
Westwood
+4.8%
Milton
+2.9%
Canton
-0.7%

Housing Supply in Canton, MA

How many homes are available in Canton, MA?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
7060-14.3%

Summary: The Canton real estate market had 60 homes for sale in September 2024, a 14.3% decrease compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 46
+50.0%
2 2124
+14.3%
3 1614
-12.5%
4 189
-50.0%
5+ 117
-36.4%

Summary: The Canton housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 12.5%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes decreased by 36.4%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2514-44.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

8 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. 57.1% of homes here sold above asking price last month.

Summary: A total of 14 homes were sold or pending in Canton in September 2024, down by 44.0% month-over-month. Of the 14 sold homes, 43% were sold under asking, 0% were sold at asking, and 57% 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

Sep 2023Sep 2024CHANGE
30 Days21 Days-30.2%

Summary: Homes in Canton had an average of 21 days on market in Sep 2024, down by 30.2% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were 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 September 2024, 14 homes were sold in Canton; 71% of homes were sold within 30 days, 29% 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 15 Days Ago

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