Is Canfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Canfield has remained a Seller's Market.
Key Takeaway
Canfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canfield, OH
How much do homes in Canfield, OH cost?
Median Sold Price
$300,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Canfield have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Canfield was $300,000 in May 2024, up 11.1% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121.2K | - | N/A |
| 2 Bedrooms | $169K | $217K | +28.4% |
| 3 Bedrooms | $250K | $260.5K | +4.2% |
| 4 Bedrooms | $351.5K | $400K | +13.8% |
| 5+ Bedrooms | $472.5K | $525K | +11.1% |
Summary: Canfield housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 28.4%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 13.8%, and 5+ bedroom homes increased by 11.1%.
Median Sold Price Compared To Nearby Cities
| Canfield | $270K | $300K | +11.1% |
| Canfield Township | $270K | $300K | +11.1% |
Housing Supply in Canfield, OH
How many homes are available in Canfield, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 106 | +11.6% |
Summary: The Canfield real estate market had 106 homes for sale in May 2024, a 11.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 10 | 16 | +60.0% |
| 3 Bedrooms | 49 | 49 | 0.0% |
| 4 Bedrooms | 28 | 31 | +10.7% |
| 5+ Bedrooms | 8 | 10 | +25.0% |
Summary: The Canfield housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 60%, 3 bedroom homes remained the same, 4 bedroom homes increased by 10.7%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 30 | 20 | -33.3% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canfield, you may be able to get a good deal. 57.9% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Canfield in May 2024, down by 33.3% month-over-month. Of the 19 sold homes, 58% were sold under asking, 11% were sold at asking, and 32% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 48 Days | +3.0% |
Summary: Homes in Canfield had an average of 48 days on market in May 2024, up by 3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Canfield has remained consistent over time.
Summary: During May 2024, 20 homes were sold in Canfield; 35% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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