Is Canton, NC a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canton is a neutral'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, NC

How much do homes in Canton, NC cost?

Median Sold Price

$336,000

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$11,000(+3.4%)

Key Takeaway

Homes in Canton have sold for 3.4% more than they did a year ago.

Summary: The median home sold price in Canton was $336,000 in November 2024, up 3.4% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $115K$291.7K
+153.7%
2 $278.5K$261.5K
-6.1%
3 $330K$379K
+14.8%
4 $343K$365K
+6.4%
5+ $546.7K$342K
-37.4%

Summary: Canton housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 153.7%, 2 bedroom homes decreased by 6.1%, 3 bedroom homes increased by 14.8%, 4 bedroom homes increased by 6.4%, and 5+ bedroom homes decreased by 37.4%.

Median Sold Price Compared To Nearby Cities

Leicester
+11.4%
Beaverdam Township
+5.6%
Canton
+3.4%
Sandy Mush Township
-16.1%

Housing Supply in Canton, NC

How many homes are available in Canton, NC?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
8375-9.6%

Summary: The Canton real estate market had 75 homes for sale in November 2024, a 9.6% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 42
-50.0%
2 2120
-4.8%
3 4441
-6.8%
4 1310
-23.1%
5+ 12
+100.0%

Summary: The Canton housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 4.8%, 3 bedroom homes decreased by 6.8%, 4 bedroom homes decreased by 23.1%, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
1712-29.4%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canton, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.

Summary: A total of 12 homes were sold or pending in Canton in November 2024, down by 29.4% month-over-month. Of the 12 sold homes, 83% were sold under asking, 17% were sold at asking, and 0% were sold over asking.

Days on Market for Canton, NC

How long does it take to sell a home in Canton, NC?

Average Sale Time

Nov 2023Nov 2024CHANGE
38 Days53 Days+40.2%

Summary: Homes in Canton had an average of 53 days on market in Nov 2024, up by 40.2% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Canton are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 12 homes were sold in Canton; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

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