Is Canton, MA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$720,000
$364/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Canton have sold for 9.9% more than they did a year ago.
Summary: The median home sold price in Canton was $720,000 in April 2024, up 9.9% from last year, and the median price per square foot was $364.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.5K | $288.7K | +19.1% |
| 2 Bedrooms | $505K | $527K | +4.4% |
| 3 Bedrooms | $620K | $691K | +11.5% |
| 4 Bedrooms | $903K | $872.5K | -3.4% |
| 5+ Bedrooms | $1.2M | $947.4K | -24.8% |
Summary: Canton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 19.1%, 2 bedroom homes increased by 4.4%, 3 bedroom homes increased by 11.5%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 24.8%.
Housing Supply in Canton, MA
How many homes are available in Canton, MA?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 59 | 60 | +1.7% |
Summary: The Canton real estate market had 60 homes for sale in April 2024, a 1.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 3 | +200.0% |
| 2 Bedrooms | 20 | 16 | -20.0% |
| 3 Bedrooms | 13 | 12 | -7.7% |
| 4 Bedrooms | 16 | 20 | +25.0% |
| 5+ Bedrooms | 9 | 9 | 0.0% |
Summary: The Canton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 200%, 2 bedroom homes decreased by 20%, 3 bedroom homes decreased by 7.7%, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 13 | 16 | +23.1% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canton, you could pay more than the asking price. 75% of homes here sold above asking price last month.
Summary: A total of 16 homes were sold or pending in Canton in April 2024, up by 23.1% month-over-month. Of the 16 sold homes, 19% were sold under asking, 6% were sold at asking, and 75% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 28 Days | +3.6% |
Summary: Homes in Canton had an average of 28 days on market in Apr 2024, up by 3.6% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Canton are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 16 homes were sold in Canton; 69% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
