Have you been thinking lately about listing your home on the Canton, Michigan real estate market? If so, one of the first things I recommend that you do is familiarize yourself with recent market activity.
By doing this, you’ll have a good idea of what similar-sized homes like yours are being listed for – as well as what they’re selling for.
Continue reading for a brief overview of recent Canton real estate market activity.
Selling Homes on the Canton Michigan Housing Market
Here’s a quick summary of the recent market activity we’ve seen in Canton, Michigan:
- Currently there are 419 resale homes and new homes on the market.
- Between February and April, the average price per square foot for Canton homes was $81, down 1.2 percent when compare do the same period in 2011.
- During that same period, the median sales price was $142,583 in Canton, down 4 percent when compared year-over-year.
- Meanwhile, the total number of home sales decreased by 26.8 percent between 2011 and 2012.
- Here’s how other communities compared when it came to median sales price:
Northville: $200,395
Salem: $139,000
Novi: $425,000
Livonia: $102,500
South Lyon: $209,900
- During the week ending on May 23, the average listing price for a Canton home for sale was $222,735, up 2.4 percent when compared to the week before.
- During that previous week, the average listing price was $217,457.
- During the week ending on Mary 23, the average listing price for 1-bedroom Canton homes was $64,297.
- The average listings price for a 2-bedroom home was $114,172
- And the average listing price for 3- and 4- bedroom homes were $176,618 and $282,941 respectively.
- Here’s how other communities stacked up in terms of average listing price during that week:
Northville: $468,308
Salem: $450,000
Novi: $425,000
Livonia: $102,500
South Lyon: $209,900
Canton, MI Properties for Sale
For more information on the current state of the Canton real estate market or for expert advice on how to effectively market your home, please contact me, Noel Bittinger, today!
As your Wayne County real estate expert, I can provide you with all the tools and advice you need to enjoy a successful outcome on the Canton area housing market.
For now, you may want to take some time to check out some of the online home-selling resources I offer, including:
Until next time,
Noel