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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing North Canton is a seller's market

Buyer's
Market

Difference Since October 2023

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

Key Takeaway

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

Housing Prices in North Canton, OH

How much do homes in North Canton, OH cost?

Median Sold Price

$274,800

$135/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$9,800(+3.7%)

Key Takeaway

Homes in North Canton have sold for 3.7% more than they did a year ago.

Summary: The median home sold price in North Canton was $274,800 in October 2024, up 3.7% from last year, and the median price per square foot was $135.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $210K$212.7K
+1.3%
3 $240K$250K
+4.2%
4 $313K$325K
+3.8%
5+ $430K$388.5K
-9.7%

Summary: North 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 increased by 1.3%, 3 bedroom homes increased by 4.2%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 9.7%.

Median Sold Price Compared To Nearby Cities

Canton
+10.7%
Jackson Township
+8.6%
Plain Township
+4.7%
North Canton
+3.7%

Housing Supply in North Canton, OH

How many homes are available in North Canton, OH?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
144159+10.4%

Summary: The North Canton real estate market had 159 homes for sale in October 2024, a 10.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 2032
+60.0%
3 7671
-6.6%
4 3845
+18.4%
5+ 1011
+10.0%

Summary: The North 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 increased by 60%, 3 bedroom homes decreased by 6.6%, 4 bedroom homes increased by 18.4%, and 5+ bedroom homes increased by 10%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
4934-30.6%

Asking Price vs. Sold Price

14 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

14 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 34 homes were sold or pending in North Canton in October 2024, down by 30.6% month-over-month. Of the 32 sold homes, 44% were sold under asking, 13% were sold at asking, and 44% were sold over asking.

Days on Market for North Canton, OH

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

Average Sale Time

Oct 2023Oct 2024CHANGE
26 Days24 Days-7.0%

Summary: Homes in North Canton had an average of 24 days on market in Oct 2024, down by 7% compared to last year.

Breakdown of Home Sale Times

20 Homes Were Sold
Under 30 Days

14 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 34 homes were sold in North Canton; 59% of homes were sold within 30 days, 41% 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 16 Days Ago

Newest Listings in North Canton, OH

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