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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Canton is a buyer's market

Buyer's
Market

Difference Since October 2023

At the same time last year, East Canton was a Seller's Market.

Key Takeaway

East Canton is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in East Canton, OH

How much do homes in East Canton, OH cost?

Median Sold Price

$183,000

$127/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$13,000(+7.6%)

Key Takeaway

Homes in East Canton have sold for 7.6% more than they did a year ago.

Summary: The median home sold price in East Canton was $183,000 in October 2024, up 7.6% from last year, and the median price per square foot was $127.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $83K-
N/A
2 $137.3K$132.6K
-3.5%
3 $170K$195K
+14.7%
4 $385K$172.8K
-55.1%
5+ $240K-
N/A

Summary: East Canton 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 decreased by 3.5%, 3 bedroom homes increased by 14.7%, 4 bedroom homes decreased by 55.1%, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

East Canton
+7.6%
Osnaburg Township
+0.8%

Housing Supply in East Canton, OH

How many homes are available in East Canton, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
2122+4.8%

Summary: The East Canton real estate market had 22 homes for sale in October 2024, a 4.8% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 44
0.0%
3 119
-18.2%
4 58
+60.0%
5+ 11
0.0%

Summary: The East 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 remained the same, 3 bedroom homes decreased by 18.2%, 4 bedroom homes increased by 60%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
63-50.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Canton, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.

Summary: A total of 3 homes were sold or pending in East Canton in October 2024, down by 50.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.

Days on Market for East Canton, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
15 Days11 Days-24.2%

Summary: Homes in East Canton had an average of 11 days on market in Oct 2024, down by 24.2% compared to last year.

Breakdown of Home Sale Times

3 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 East Canton are selling fast, if you're buying plan to act quickly.

Summary: During October 2024, 3 homes were sold in East Canton; 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 22 Days Ago

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