Is Canfield Township, 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 Township has remained a Seller's Market.
Key Takeaway
Canfield Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canfield Township, OH
How much do homes in Canfield Township, 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 Township have sold for 11.1% more than they did a year ago.
Summary: The median home sold price in Canfield Township 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 Township 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
| Austintown Township | $155K | $172.6K | +11.4% |
| Canfield Township | $270K | $300K | +11.1% |
| Canfield | $270K | $300K | +11.1% |
| Boardman Township | $165K | $176.3K | +6.8% |
Housing Supply in Canfield Township, OH
How many homes are available in Canfield Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 | 106 | +11.6% |
Summary: The Canfield Township 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 Township 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 Township, 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 Township 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 Township, OH
How long does it take to sell a home in Canfield Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 47 Days | 48 Days | +3.0% |
Summary: Homes in Canfield Township 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 Township has remained consistent over time.
Summary: During May 2024, 20 homes were sold in Canfield Township; 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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