$1,425 Closing Credit*
$120,000
768 SqFt
1 Bed
•1 Full Bath
Barbara A Ayd, Listing Office: Cummings & Co. Realtors
Is Canton, MD a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Canton was a Seller's Market.
Key Takeaway
Canton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Canton, MD
How much do homes in Canton, MD cost?
Median Sold Price
$375,000
$239/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,598(-0.7%)
Key Takeaway
Homes in Canton have sold for 0.7% less than they did a year ago.
Summary: The median home sold price in Canton was $375,000 in November 2024, down 0.7% from last year, and the median price per square foot was $239.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $235.5K | $205K | -13.0% |
| 2 Bedrooms | $320K | $320K | 0.0% |
| 3 Bedrooms | $408.5K | $410K | 0.4% |
| 4 Bedrooms | $503.7K | $525K | +4.2% |
| 5+ Bedrooms | $657.5K | $611K | -7.1% |
Summary: Canton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 13%, 2 bedroom homes did not change, 3 bedroom homes increased by 0.4%, 4 bedroom homes increased by 4.2%, and 5+ bedroom homes decreased by 7.1%.
Housing Supply in Canton, MD
How many homes are available in Canton, MD?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 105 | 116 | +10.5% |
Summary: The Canton real estate market had 116 homes for sale in November 2024, a 10.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 6 | 6 | 0.0% |
| 2 Bedrooms | 41 | 42 | +2.4% |
| 3 Bedrooms | 45 | 51 | +13.3% |
| 4 Bedrooms | 13 | 16 | +23.1% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Canton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 19 | -24.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canton, expect to pay close to the asking price. 42.1% of homes here sold near the asking price last month.
Summary: A total of 19 homes were sold or pending in Canton in November 2024, down by 24.0% month-over-month. Of the 19 sold homes, 26% were sold under asking, 42% were sold at asking, and 32% were sold over asking.
Days on Market for Canton, MD
How long does it take to sell a home in Canton, MD?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 17 Days | 26 Days | +50.8% |
Summary: Homes in Canton had an average of 26 days on market in Nov 2024, up by 50.8% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
0 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 November 2024, 19 homes were sold in Canton; 68% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
