Is Canton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$152,940
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Canton have sold for 2.9% more than they did a year ago.
Summary: The median home sold price in Canton was $152,940 in April 2024, up 2.9% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $49.3K | $51K | +3.3% |
| 2 Bedrooms | $104.1K | $115.3K | +10.8% |
| 3 Bedrooms | $140K | $148K | +5.7% |
| 4 Bedrooms | $212K | $232.3K | +9.6% |
| 5+ Bedrooms | $245K | $235K | -4.1% |
Summary: Canton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 3.3%, 2 bedroom homes increased by 10.8%, 3 bedroom homes increased by 5.7%, 4 bedroom homes increased by 9.6%, and 5+ bedroom homes decreased by 4.1%.
Median Sold Price Compared To Nearby Cities
| North Canton | $250.7K | $272.8K | +8.8% |
| Canton Township | $148.1K | $153.2K | +3.5% |
| Canton | $148.5K | $152.9K | +2.9% |
| Plain Township | $225K | $229.5K | +2.0% |
| East Canton | $186K | $185.4K | -0.3% |
Housing Supply in Canton, OH
How many homes are available in Canton, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 352 | 403 | +14.5% |
Summary: The Canton real estate market had 403 homes for sale in April 2024, a 14.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 51 | 60 | +17.6% |
| 3 Bedrooms | 204 | 224 | +9.8% |
| 4 Bedrooms | 77 | 91 | +18.2% |
| 5+ Bedrooms | 19 | 27 | +42.1% |
Summary: The Canton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 9.8%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes increased by 42.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 121 | 122 | +0.8% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
26 Homes Were Sold
At Asking
49 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canton, you could pay more than the asking price. 40.8% of homes here sold above asking price last month.
Summary: A total of 122 homes were sold or pending in Canton in April 2024, up by 0.8% month-over-month. Of the 120 sold homes, 38% were sold under asking, 22% were sold at asking, and 41% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 40 Days | 28 Days | -30.0% |
Summary: Homes in Canton had an average of 28 days on market in Apr 2024, down by 30% compared to last year.
Breakdown of Home Sale Times
85 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
8 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 April 2024, 122 homes were sold in Canton; 70% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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