Is Canton 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, Canton Township has remained a Seller's Market.
Key Takeaway
Canton Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canton Township, OH
How much do homes in Canton Township, OH cost?
Median Sold Price
$153,351
$103/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Canton Township have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Canton Township was $153,351 in May 2024, up 4.6% 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 | $59.4K | $46K | -22.6% |
| 2 Bedrooms | $111.5K | $115K | +3.1% |
| 3 Bedrooms | $138.9K | $147.9K | +6.4% |
| 4 Bedrooms | $214K | $226.3K | +5.7% |
| 5+ Bedrooms | $242.5K | $237.4K | -2.1% |
Summary: Canton Township housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 22.6%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes decreased by 2.1%.
Median Sold Price Compared To Nearby Cities
| Osnaburg Township | $189.4K | $199K | +5.0% |
| Canton Township | $146.5K | $153.3K | +4.6% |
| Canton | $147.4K | $153K | +3.8% |
| Plain Township | $225.5K | $230K | +2.0% |
Housing Supply in Canton Township, OH
How many homes are available in Canton Township, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 417 | 464 | +11.3% |
Summary: The Canton Township 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 | 233 | 265 | +13.7% |
| 4 Bedrooms | 94 | 104 | +10.6% |
| 5+ Bedrooms | 28 | 35 | +25.0% |
Summary: The Canton Township 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 13.7%, 4 bedroom homes increased by 10.6%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 133 | 141 | +6.0% |
Asking Price vs. Sold Price
41 Homes Were Sold
Under Asking
33 Homes Were Sold
At Asking
61 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canton Township, you could pay more than the asking price. 45.2% of homes here sold above asking price last month.
Summary: A total of 141 homes were sold or pending in Canton Township in May 2024, up by 6.0% month-over-month. Of the 135 sold homes, 30% were sold under asking, 24% were sold at asking, and 45% were sold over asking.
Days on Market for Canton Township, OH
How long does it take to sell a home in Canton Township, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 35 Days | 21 Days | -38.7% |
Summary: Homes in Canton Township had an average of 21 days on market in May 2024, down by 38.7% compared to last year.
Breakdown of Home Sale Times
105 Homes Were Sold
Under 30 Days
31 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Canton Township are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 141 homes were sold in Canton Township; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.
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