Is Canaan Township, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Canaan Township has remained a Seller's Market.
Housing Prices in Canaan Township, OH
How much do homes in Canaan Township, OH cost?
Median Sold Price
$199,000
$125/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Canaan Township was $199,000 in February 2024, up 16% from last year, and the median price per square foot was $125.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $108K | N/A |
2 Bedrooms | $46K | $98K | +113.0% |
3 Bedrooms | $182K | $220K | +20.9% |
4 Bedrooms | $186.5K | $330K | +76.9% |
5+ Bedrooms | $184.7K | - | N/A |
Summary: Canaan Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 113%, 3 bedroom homes increased by 20.9%, 4 bedroom homes increased by 76.9%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Canaan Township | $171.5K | $199K | +16.0% |
Creston | $185K | $199K | +7.6% |
Housing Supply in Canaan Township, OH
How many homes are available in Canaan Township, OH?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
11 | 7 | -36.4% |
Summary: The Canaan Township real estate market had 7 homes for sale in February 2024, a 36.4% decrease compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 6 | 5 | -16.7% |
4 Bedrooms | 4 | 1 | -75.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Canaan Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 75%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
5 | 2 | -60.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Canaan Township in February 2024, down by 60.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Canaan Township, OH
How long does it take to sell a home in Canaan Township, OH?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
72 Days | 39 Days | -46.2% |
Summary: Homes in Canaan Township had an average of 39 days on market in Feb 2024, down by 46.2% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 2 homes were sold in Canaan Township; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.