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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Canton Township is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in Canton Township, OH

How much do homes in Canton Township, OH cost?

Median Sold Price

$163,868

$110/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$15,397(+10.4%)

Key Takeaway

Homes in Canton Township have sold for 10.4% more than they did a year ago.

Summary: The median home sold price in Canton Township was $163,868 in October 2024, up 10.4% from last year, and the median price per square foot was $110.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $45.5K$46K
+1.1%
2 $117.7K$120K
+1.9%
3 $140K$155.1K
+10.8%
4 $209.4K$260K
+24.1%
5+ $210K$300K
+42.9%

Summary: Canton Township housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.1%, 2 bedroom homes increased by 1.9%, 3 bedroom homes increased by 10.8%, 4 bedroom homes increased by 24.1%, and 5+ bedroom homes increased by 42.9%.

Median Sold Price Compared To Nearby Cities

Canton
+10.7%
Canton Township
+10.4%
Plain Township
+4.7%
Osnaburg Township
+0.8%

Housing Supply in Canton Township, OH

How many homes are available in Canton Township, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
466498+6.9%

Summary: The Canton Township real estate market had 498 homes for sale in October 2024, a 6.9% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 7074
+5.7%
3 267291
+9.0%
4 96108
+12.5%
5+ 3325
-24.2%

Summary: The Canton 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 increased by 5.7%, 3 bedroom homes increased by 9%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes decreased by 24.2%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
147137-6.8%

Asking Price vs. Sold Price

57 Homes Were Sold
Under Asking

26 Homes Were Sold
At Asking

47 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Canton Township, you may be able to get a good deal. 43.8% of homes here sold below asking price last month.

Summary: A total of 137 homes were sold or pending in Canton Township in October 2024, down by 6.8% month-over-month. Of the 130 sold homes, 44% were sold under asking, 20% were sold at asking, and 36% were sold over asking.

Days on Market for Canton Township, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days29 Days+11.6%

Summary: Homes in Canton Township had an average of 29 days on market in Oct 2024, up by 11.6% compared to last year.

Breakdown of Home Sale Times

81 Homes Were Sold
Under 30 Days

47 Homes Were Sold
In 30 - 90 Days

9 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 137 homes were sold in Canton Township; 59% of homes were sold within 30 days, 34% of homes were sold within 30 to 90 days, and 7% 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 16 Days Ago

Newest Listings in Canton Township, OH

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