Is Canton Charter Township, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Canton Charter Township has remained a Seller's Market.
Housing Prices in Canton Charter Township, MI
How much do homes in Canton Charter Township, MI cost?
Median Sold Price
$376,750
$202/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Canton Charter Township was $376,750 in June 2024, up 7.4% from last year, and the median price per square foot was $202.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $199.9K | $105K | -47.5% |
2 Bedrooms | $239.9K | $254.3K | +6.0% |
3 Bedrooms | $325K | $358.5K | +10.3% |
4 Bedrooms | $451.4K | $500.5K | +10.9% |
5+ Bedrooms | $630K | $641K | +1.7% |
Summary: Canton Charter Township housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 47.5%, 2 bedroom homes increased by 6%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
Wayne | $147.5K | $165K | +11.9% |
Westland | $190K | $208.3K | +9.7% |
Canton Charter Township | $350.8K | $376.7K | +7.4% |
Canton | $350.7K | $376.7K | +7.4% |
Plymouth Charter Township | $418.9K | $443.9K | +6.0% |
Housing Supply in Canton Charter Township, MI
How many homes are available in Canton Charter Township, MI?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
254 | 274 | +7.9% |
Summary: The Canton Charter Township real estate market had 274 homes for sale in June 2024, a 7.9% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 52 | 52 | 0.0% |
3 Bedrooms | 100 | 106 | +6.0% |
4 Bedrooms | 90 | 100 | +11.1% |
5+ Bedrooms | 12 | 16 | +33.3% |
Summary: The Canton Charter Township housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 6%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 33.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
90 | 91 | +1.1% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
14 Homes Were Sold
At Asking
57 Homes Were Sold
Over Asking
Summary: A total of 91 homes were sold or pending in Canton Charter Township in June 2024, up by 1.1% month-over-month. Of the 91 sold homes, 22% were sold under asking, 15% were sold at asking, and 63% were sold over asking.
Days on Market for Canton Charter Township, MI
How long does it take to sell a home in Canton Charter Township, MI?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
13 Days | 15 Days | +12.9% |
Summary: Homes in Canton Charter Township had an average of 15 days on market in Jun 2024, up by 12.9% compared to last year.
Breakdown of Home Sale Times
81 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During June 2024, 91 homes were sold in Canton Charter Township; 89% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.