Is Canton, MD 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, MD
How much do homes in Canton, MD cost?
Median Sold Price
$376,294
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Canton have sold for 3.4% more than they did a year ago.
Summary: The median home sold price in Canton was $376,294 in April 2024, up 3.4% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $219.5K | $210K | -4.3% |
| 2 Bedrooms | $303.2K | $325K | +7.2% |
| 3 Bedrooms | $414K | $410K | -1.0% |
| 4 Bedrooms | $555K | $512.5K | -7.7% |
| 5+ Bedrooms | $675K | $655K | -3.0% |
Summary: Canton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.3%, 2 bedroom homes increased by 7.2%, 3 bedroom homes decreased by 1%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes decreased by 3%.
Housing Supply in Canton, MD
How many homes are available in Canton, MD?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 118 | 142 | +20.3% |
Summary: The Canton real estate market had 142 homes for sale in April 2024, a 20.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 7 | +16.7% |
| 2 Bedrooms | 47 | 56 | +19.1% |
| 3 Bedrooms | 45 | 51 | +13.3% |
| 4 Bedrooms | 16 | 22 | +37.5% |
| 5+ Bedrooms | 4 | 6 | +50.0% |
Summary: The Canton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 19.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 37.5%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 29 | 36 | +24.1% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
20 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canton, you could pay more than the asking price. 55.6% of homes here sold above asking price last month.
Summary: A total of 36 homes were sold or pending in Canton in April 2024, up by 24.1% month-over-month. Of the 36 sold homes, 22% were sold under asking, 22% were sold at asking, and 56% were sold over asking.
Days on Market for Canton, MD
How long does it take to sell a home in Canton, MD?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 36 Days | 27 Days | -24.8% |
Summary: Homes in Canton had an average of 27 days on market in Apr 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
2 Homes Were 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, 36 homes were sold in Canton; 78% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.
