Is 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, Canton has remained a Seller's Market.
Housing Prices in Canton, OH
How much do homes in Canton, OH cost?
Median Sold Price
$153,005
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Canton was $153,005 in May 2024, up 3.8% from last year, and the median price per square foot was $103.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $53.9K | $46K | -14.7% |
2 Bedrooms | $111K | $115.1K | +3.7% |
3 Bedrooms | $139.3K | $146.9K | +5.5% |
4 Bedrooms | $215K | $226.3K | +5.3% |
5+ Bedrooms | $245K | $239.9K | -2.1% |
Summary: Canton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.7%, 2 bedroom homes increased by 3.7%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
North Canton | $255.5K | $275K | +7.6% |
Canton Township | $146.5K | $153.3K | +4.6% |
Canton | $147.4K | $153K | +3.8% |
Plain Township | $225.5K | $230K | +2.0% |
East Canton | $185K | $183K | -1.1% |
Housing Supply in Canton, OH
How many homes are available in Canton, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
417 | 464 | +11.3% |
Summary: The Canton real estate market had 464 homes for sale in May 2024, a 11.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 2 | +100.0% |
2 Bedrooms | 61 | 58 | -4.9% |
3 Bedrooms | 232 | 265 | +14.2% |
4 Bedrooms | 95 | 104 | +9.5% |
5+ Bedrooms | 28 | 35 | +25.0% |
Summary: The Canton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 4.9%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 9.5%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
133 | 140 | +5.3% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Summary: A total of 140 homes were sold or pending in Canton in May 2024, up by 5.3% month-over-month. Of the 134 sold homes, 30% were sold under asking, 25% were sold at asking, and 46% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
35 Days | 21 Days | -40.0% |
Summary: Homes in Canton had an average of 21 days on market in May 2024, down by 40% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
30 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During May 2024, 140 homes were sold in Canton; 75% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.