Is Canaan Township, OH a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canaan Township is a seller's market

Buyer's
Market

Difference Since October 2023

Since last year, Canaan Township has remained a Seller's Market.

Key Takeaway

Canaan Township is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Canaan Township, OH

How much do homes in Canaan Township, OH cost?

Median Sold Price

$208,850

$139/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$16,350(+8.5%)

Key Takeaway

Homes in Canaan Township have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Canaan Township was $208,850 in October 2024, up 8.5% from last year, and the median price per square foot was $139.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$108K
N/A
2 $46K$60K
+30.4%
3 $232.7K$220K
-5.5%
4 $335K$216.2K
-35.4%
5+ -$205.7K
N/A

Summary: Canaan Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 30.4%, 3 bedroom homes decreased by 5.5%, 4 bedroom homes decreased by 35.4%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Creston
+9.1%
Canaan Township
+8.5%

Housing Supply in Canaan Township, OH

How many homes are available in Canaan Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
67+16.7%

Summary: The Canaan Township real estate market had 7 homes for sale in October 2024, a 16.7% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 00
0.0%
3 66
0.0%
4 01
+100.0%
5+ 00
0.0%

Summary: The Canaan Township 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 remained the same, 3 bedroom homes remained the same, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
220.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canaan Township, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Canaan Township in October 2024, the same as the previous month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.

Days on Market for Canaan Township, OH

How long does it take to sell a home in Canaan Township, OH?

Average Sale Time

Oct 2023Oct 2024CHANGE
21 Days2 Days-90.5%

Summary: Homes in Canaan Township had an average of 2 days on market in Oct 2024, down by 90.5% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 2 homes were sold in Canaan Township; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 20 Days Ago

Newest Listings in Canaan Township, OH

Nearby Markets to Canaan Township, OH

What housing markets are near Canaan Township, OH?