Despite the fact that the total number of home sales have decreased lately on the Canton real estate market, home sales prices are still holding strong.
In fact, they’re showing year-over-year gains!
Continue reading for a comprehensive update on the current state of the Canton Michigan real estate market. This information will prove especially valuable if you’re considering listing your home soon.
Homes for Sale in Canton, Michigan
Here’s the most recent market data available on Canton, based on information from the real estate website, Trulia:
- Between January and March, the average price per square foot for Canton homes was $85, up 4.9 percent when compared to the same period last year.
- Also between January and March, the median sales price for homes was $146,900, which was based on 101 home sales.
- During that same period in 2011, the median home sales price was $140,000. That means that the home sales price increased by 4.9 percent between 2011 and 2012.
- Here’s how nearby community compared in terms of median sales price:
Northville: $293,400
Salem: $139,000
Novi: $184,700
Livonia: $110,000
South Lyon: $195,320
- Also, the total number of homes for sale decreased by 70.3 percent between 2011 and 2012.
- During the week ending on April 25, the average listing price for a Canton home for sale was $215,401, up 0.6 percent when compared to the week before.
- During that previous week, the average listing price was $214,050.
- During the week ending on April 25, the average listing price for a 2-bedroom Canton home was $106,869.
- The average listing price for a 3-bedroom home was $164,548.
- And the average listing price for a 4-bedroom home was $277,726
- Here’s how neighboring communities compared when it came to average listing price:
Northville: $462,417
Salem: $456,000
Novi: $332,091
Livonia: $127,857
South Lyon: $278,861
List Your Home on the Canton, MI Housing Market Today!
As you can see, Canton property owners are getting great prices for their homes for sale, despite the fact that total home sales have decreased!
To ensure that your home sells as close to your asking price as possible, it’s important to work with an experienced Michigan REALTOR, like me, Noel Bittinger.
That’s because only an experienced Canton real estate agent can put together the kind of comprehensive marketing strategy that is going to get your home sold.
So contact me today to learn about how I can get you the outcome you want on the southeastern Michigan real estate market.
While you’re at it, make sure to check out some of the free home-selling resources I offer online, such as our Exclusive Canton Marketing Plan and What’s My Home Worth feature.
Until next time,
Noel