Is Canton, 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, Canton has remained a Seller's Market.
Key Takeaway
Canton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canton, OH
How much do homes in Canton, OH cost?
Median Sold Price
$152,840
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Canton have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Canton was $152,840 in March 2024, up 3.8% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $66.5K | $51K | -23.3% |
| 2 Bedrooms | $95.3K | $115.6K | +21.3% |
| 3 Bedrooms | $139.9K | $145.8K | +4.2% |
| 4 Bedrooms | $208.6K | $230K | +10.2% |
| 5+ Bedrooms | $242.5K | $237.4K | -2.1% |
Summary: Canton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 23.3%, 2 bedroom homes increased by 21.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 10.2%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
| North Canton | $250K | $273.9K | +9.6% |
| Canton | $147.1K | $152.8K | +3.8% |
| Canton Township | $147.5K | $152.9K | +3.7% |
| Plain Township | $224.9K | $230.9K | +2.6% |
| East Canton | $185K | $185K | 0.0% |
Housing Supply in Canton, OH
How many homes are available in Canton, OH?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 369 | 354 | -4.1% |
Summary: The Canton real estate market had 354 homes for sale in March 2024, a 4.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 52 | 50 | -3.8% |
| 3 Bedrooms | 202 | 205 | +1.5% |
| 4 Bedrooms | 87 | 77 | -11.5% |
| 5+ Bedrooms | 27 | 21 | -22.2% |
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 decreased by 3.8%, 3 bedroom homes increased by 1.5%, 4 bedroom homes decreased by 11.5%, and 5+ bedroom homes decreased by 22.2%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 128 | 114 | -10.9% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
38 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canton, you may be able to get a good deal. 48.7% of homes here sold below asking price last month.
Summary: A total of 114 homes were sold or pending in Canton in March 2024, down by 10.9% month-over-month. Of the 113 sold homes, 49% were sold under asking, 18% were sold at asking, and 34% were sold over asking.
Days on Market for Canton, OH
How long does it take to sell a home in Canton, OH?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 31 Days | 34 Days | +9.4% |
Summary: Homes in Canton had an average of 34 days on market in Mar 2024, up by 9.4% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
35 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Canton are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 114 homes were sold in Canton; 58% of homes were sold within 30 days, 31% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.
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