$3,954 Closing Credit*
$333,000
1,872 SqFt
2 Beds
•2 Full Baths, 1 Partial
Hari K Kakumanu, Listing Office: Community Choice Realty Associates, LLC
Is Canton, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 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, MI
How much do homes in Canton, MI cost?
Median Sold Price
$380,592
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$10,684(+2.9%)
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 $380,592 in October 2024, up 2.9% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $102K | $171.2K | +67.9% |
| 2 Bedrooms | $250K | $259K | +3.6% |
| 3 Bedrooms | $339.9K | $365K | +7.4% |
| 4 Bedrooms | $475K | $505K | +6.3% |
| 5+ Bedrooms | $630K | $711.2K | +12.9% |
Summary: Canton housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.9%, 2 bedroom homes increased by 3.6%, 3 bedroom homes increased by 7.4%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes increased by 12.9%.
Median Sold Price Compared To Nearby Cities
| Wayne | $148K | $171.1K | +15.6% |
| Westland | $194.8K | $210K | +7.8% |
| Canton | $369.9K | $380.5K | +2.9% |
| Canton Charter Township | $369.9K | $380.6K | +2.9% |
| Plymouth Charter Township | $444.9K | $446.3K | 0.3% |
Housing Supply in Canton, MI
How many homes are available in Canton, MI?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 273 | 279 | +2.2% |
Summary: The Canton real estate market had 279 homes for sale in October 2024, a 2.2% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 4 | 4 | 0.0% |
| 2 Bedrooms | 54 | 50 | -7.4% |
| 3 Bedrooms | 106 | 101 | -4.7% |
| 4 Bedrooms | 96 | 107 | +11.5% |
| 5+ Bedrooms | 13 | 17 | +30.8% |
Summary: The Canton housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.4%, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 11.5%, and 5+ bedroom homes increased by 30.8%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 94 | 74 | -21.3% |
Asking Price vs. Sold Price
25 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canton, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 74 homes were sold or pending in Canton in October 2024, down by 21.3% month-over-month. Of the 74 sold homes, 34% were sold under asking, 16% were sold at asking, and 50% were sold over asking.
Days on Market for Canton, MI
How long does it take to sell a home in Canton, MI?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 21 Days | 20 Days | -5.6% |
Summary: Homes in Canton had an average of 20 days on market in Oct 2024, down by 5.6% compared to last year.
Breakdown of Home Sale Times
58 Homes Were Sold
Under 30 Days
15 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Canton are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 74 homes were sold in Canton; 78% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 1% of homes were sold over 90 days.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.