Is North Canton, 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, North Canton has remained a Seller's Market.
Key Takeaway
North Canton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in North Canton, OH
How much do homes in North Canton, OH cost?
Median Sold Price
$275,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in North Canton have sold for 7.6% more than they did a year ago.
Summary: The median home sold price in North Canton was $275,000 in May 2024, up 7.6% 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 | $147K | - | N/A |
| 2 Bedrooms | $195K | $212K | +8.7% |
| 3 Bedrooms | $229.9K | $248.3K | +8.0% |
| 4 Bedrooms | $300.7K | $325K | +8.1% |
| 5+ Bedrooms | $384.5K | $425K | +10.5% |
Summary: North Canton 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 8.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
| North Canton | $255.5K | $275K | +7.6% |
| Jackson Township | $285K | $301.2K | +5.7% |
| Canton | $147.4K | $153K | +3.8% |
| Plain Township | $225.5K | $230K | +2.0% |
Housing Supply in North Canton, OH
How many homes are available in North Canton, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 124 | 148 | +19.4% |
Summary: The North Canton real estate market had 148 homes for sale in May 2024, a 19.4% 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 | 20 | 19 | -5.0% |
| 3 Bedrooms | 39 | 62 | +59.0% |
| 4 Bedrooms | 53 | 54 | +1.9% |
| 5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The North Canton 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 decreased by 5%, 3 bedroom homes increased by 59%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 39 | 49 | +25.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Canton, you could pay more than the asking price. 60% of homes here sold above asking price last month.
Summary: A total of 49 homes were sold or pending in North Canton in May 2024, up by 25.6% month-over-month. Of the 45 sold homes, 22% were sold under asking, 18% were sold at asking, and 60% were sold over asking.
Days on Market for North Canton, OH
How long does it take to sell a home in North Canton, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 13 Days | -25.2% |
Summary: Homes in North Canton had an average of 13 days on market in May 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in North Canton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 49 homes were sold in North Canton; 88% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.
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