Is Canfield, OH 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, Canfield has remained a Seller's Market.
Housing Prices in Canfield, OH
How much do homes in Canfield, OH cost?
Median Sold Price
$291,375
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Canfield was $291,375 in March 2024, up 8.3% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $121.2K | - | N/A |
2 Bedrooms | $168.5K | $212K | +25.8% |
3 Bedrooms | $250K | $256K | +2.4% |
4 Bedrooms | $355K | $400K | +12.7% |
5+ Bedrooms | $455K | $550K | +20.9% |
Summary: Canfield housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes increased by 12.7%, and 5+ bedroom homes increased by 20.9%.
Median Sold Price Compared To Nearby Cities
Canfield Township | $268.5K | $292K | +8.7% |
Canfield | $269K | $291.3K | +8.3% |
Housing Supply in Canfield, OH
How many homes are available in Canfield, OH?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
74 | 91 | +23.0% |
Summary: The Canfield real estate market had 91 homes for sale in March 2024, a 23.0% 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 | 9 | 7 | -22.2% |
3 Bedrooms | 29 | 43 | +48.3% |
4 Bedrooms | 25 | 30 | +20.0% |
5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Canfield 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 decreased by 22.2%, 3 bedroom homes increased by 48.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
13 | 18 | +38.5% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 18 homes were sold or pending in Canfield in March 2024, up by 38.5% month-over-month. Of the 18 sold homes, 61% were sold under asking, 11% were sold at asking, and 28% were sold over asking.
Days on Market for Canfield, OH
How long does it take to sell a home in Canfield, OH?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
57 Days | 63 Days | +10.4% |
Summary: Homes in Canfield had an average of 63 days on market in Mar 2024, up by 10.4% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 18 homes were sold in Canfield; 28% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.