Is Canton, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Canton was a Seller's Market.
Key Takeaway
Canton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Canton, NC
How much do homes in Canton, NC cost?
Median Sold Price
$328,402
$228/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Canton have sold for 14.5% more than they did a year ago.
Summary: The median home sold price in Canton was $328,402 in March 2024, up 14.5% from last year, and the median price per square foot was $228.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $187.5K | $115K | -38.7% |
| 2 Bedrooms | $207.5K | $278.5K | +34.2% |
| 3 Bedrooms | $300K | $350K | +16.7% |
| 4 Bedrooms | $339K | $369K | +8.8% |
| 5+ Bedrooms | $411K | $548.3K | +33.4% |
Summary: Canton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 38.7%, 2 bedroom homes increased by 34.2%, 3 bedroom homes increased by 16.7%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 33.4%.
Median Sold Price Compared To Nearby Cities
| Canton | $286.7K | $328.4K | +14.5% |
| Beaverdam Township | $295.7K | $327.5K | +10.7% |
| Leicester | $399K | $385K | -3.5% |
Housing Supply in Canton, NC
How many homes are available in Canton, NC?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 61 | 72 | +18.0% |
Summary: The Canton real estate market had 72 homes for sale in March 2024, a 18.0% 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 | 14 | 22 | +57.1% |
| 3 Bedrooms | 38 | 40 | +5.3% |
| 4 Bedrooms | 6 | 5 | -16.7% |
| 5+ Bedrooms | 3 | 5 | +66.7% |
Summary: The Canton 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 57.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 66.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 11 | -35.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Canton, you may be able to get a good deal. 63.6% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Canton in March 2024, down by 35.3% month-over-month. Of the 11 sold homes, 64% were sold under asking, 27% were sold at asking, and 9% were sold over asking.
Days on Market for Canton, NC
How long does it take to sell a home in Canton, NC?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 60 Days | 102 Days | +69.9% |
Summary: Homes in Canton had an average of 102 days on market in Mar 2024, up by 69.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Canton has remained consistent over time.
Summary: During March 2024, 11 homes were sold in Canton; 27% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
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