Is Canfield Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canfield Township is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Canfield Township was a Seller's Market.

Key Takeaway

Canfield Township 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 Canfield Township, OH

How much do homes in Canfield Township, OH cost?

Median Sold Price

$291,375

$133/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$27,375(+10.4%)

Key Takeaway

Homes in Canfield Township have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Canfield Township was $291,375 in February 2024, up 10.4% from last year, and the median price per square foot was $133.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $121.2K-
N/A
2 $165K$212K
+28.5%
3 $236.8K$257K
+8.5%
4 $350.8K$400K
+14.0%
5+ $455K$500K
+9.9%

Summary: Canfield 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 28.5%, 3 bedroom homes increased by 8.5%, 4 bedroom homes increased by 14%, and 5+ bedroom homes increased by 9.9%.

Median Sold Price Compared To Nearby Cities

Canfield Township
+10.4%
Canfield
+10.1%
Austintown Township
+7.8%
Boardman Township
+3.0%
Green Township
-9.3%

Housing Supply in Canfield Township, OH

How many homes are available in Canfield Township, OH?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
6177+26.2%

Summary: The Canfield Township real estate market had 77 homes for sale in February 2024, a 26.2% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 89
+12.5%
3 2431
+29.2%
4 2026
+30.0%
5+ 911
+22.2%

Summary: The Canfield 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 increased by 12.5%, 3 bedroom homes increased by 29.2%, 4 bedroom homes increased by 30%, and 5+ bedroom homes increased by 22.2%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
811+37.5%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canfield Township, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.

Summary: A total of 11 homes were sold or pending in Canfield Township in February 2024, up by 37.5% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.

Days on Market for Canfield Township, OH

How long does it take to sell a home in Canfield Township, OH?

Average Sale Time

Feb 2023Feb 2024CHANGE
53 Days56 Days+5.2%

Summary: Homes in Canfield Township had an average of 56 days on market in Feb 2024, up by 5.2% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Canfield Township are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 11 homes were sold in Canfield Township; 36% of homes were sold within 30 days, 36% of homes were sold within 30 to 90 days, and 27% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 18 Days Ago

Newest Listings in Canfield Township, OH

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