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 March 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
$368,948
$201/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Canton Charter Township was $368,948 in March 2024, up 5.4% from last year, and the median price per square foot was $201.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $142.4K | $160K | +12.3% |
2 Bedrooms | $233K | $250K | +7.3% |
3 Bedrooms | $325K | $349.7K | +7.6% |
4 Bedrooms | $440K | $499.9K | +13.6% |
5+ Bedrooms | $623.7K | $660K | +5.8% |
Summary: Canton Charter Township housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 12.3%, 2 bedroom homes increased by 7.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 13.6%, and 5+ bedroom homes increased by 5.8%.
Median Sold Price Compared To Nearby Cities
Plymouth Charter Township | $400K | $439.9K | +10.0% |
Wayne | $146.5K | $161K | +9.8% |
Canton Charter Township | $350K | $368.9K | +5.4% |
Canton | $350K | $368.5K | +5.3% |
Westland | $190K | $200K | +5.3% |
Housing Supply in Canton Charter Township, MI
How many homes are available in Canton Charter Township, MI?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
173 | 201 | +16.2% |
Summary: The Canton Charter Township real estate market had 201 homes for sale in March 2024, a 16.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 43 | 48 | +11.6% |
3 Bedrooms | 70 | 82 | +17.1% |
4 Bedrooms | 54 | 61 | +13.0% |
5+ Bedrooms | 6 | 10 | +66.7% |
Summary: The Canton Charter Township housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.6%, 3 bedroom homes increased by 17.1%, 4 bedroom homes increased by 13%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
48 | 69 | +43.8% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
32 Homes Were Sold
Over Asking
Summary: A total of 69 homes were sold or pending in Canton Charter Township in March 2024, up by 43.8% month-over-month. Of the 69 sold homes, 36% were sold under asking, 17% were sold at asking, and 46% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
77 Days | 18 Days | -76.1% |
Summary: Homes in Canton Charter Township had an average of 18 days on market in Mar 2024, down by 76.1% compared to last year.
Breakdown of Home Sale Times
56 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During March 2024, 69 homes were sold in Canton Charter Township; 81% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.