$6,116 Closing Credit*
$515,000
2,329 SqFt
2 Beds
•3 Full Baths, 1 Partial
Karen J Carusone, Listing Office: Western Reserve Realty Group
Is Canfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Canfield has remained a Seller's Market.
Key Takeaway
Canfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canfield, OH
How much do homes in Canfield, OH cost?
Median Sold Price
$315,900
$139/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$29,287(+10.2%)
Key Takeaway
Homes in Canfield have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Canfield was $315,900 in November 2024, up 10.2% from last year, and the median price per square foot was $139.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $205K | $203K | -1.0% |
| 3 Bedrooms | $259K | $264.4K | +2.1% |
| 4 Bedrooms | $384.9K | $380K | -1.3% |
| 5+ Bedrooms | $500K | $527.5K | +5.5% |
Summary: Canfield housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1%, 3 bedroom homes increased by 2.1%, 4 bedroom homes decreased by 1.3%, and 5+ bedroom homes increased by 5.5%.
Median Sold Price Compared To Nearby Cities
| Canfield | $286.6K | $315.9K | +10.2% |
| Canfield Township | $286.9K | $316.2K | +10.2% |
Housing Supply in Canfield, OH
How many homes are available in Canfield, OH?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 99 | 84 | -15.2% |
Summary: The Canfield real estate market had 84 homes for sale in November 2024, a 15.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 16 | 12 | -25.0% |
| 3 Bedrooms | 42 | 33 | -21.4% |
| 4 Bedrooms | 25 | 26 | +4.0% |
| 5+ Bedrooms | 16 | 13 | -18.8% |
Summary: The Canfield 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 decreased by 25%, 3 bedroom homes decreased by 21.4%, 4 bedroom homes increased by 4%, and 5+ bedroom homes decreased by 18.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 28 | 20 | -28.6% |
Asking Price vs. Sold Price
13 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canfield, you may be able to get a good deal. 65% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Canfield in November 2024, down by 28.6% month-over-month. Of the 20 sold homes, 65% were sold under asking, 10% were sold at asking, and 25% were sold over asking.
Days on Market for Canfield, OH
How long does it take to sell a home in Canfield, OH?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 62 Days | 83 Days | +34.1% |
Summary: Homes in Canfield had an average of 83 days on market in Nov 2024, up by 34.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Canfield has remained consistent over time.
Summary: During November 2024, 20 homes were sold in Canfield; 20% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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