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Canton Real Estate Market Report for April 2013

Canton Home for SaleIt’s really starting to look like springtime here in Canton, Michigan. The trees are just starting to bud and the temperatures are rising.

Another sign that spring has begun – the local housing market is really starting to heat up!

As you may know, springtime is a very busy time for the real estate market because home buyers are entering the market with the hopes of getting settled in a home before school starts back in the fall.

Today, I’m going to provide you with a snapshot of just how well the market’s doing!

Michigan Homes for Sale in Canton

Here’s an overview of recent activity on the Canton housing market:

  • Currently there are 313 homes for sale on the market, including some that are in some stage of the foreclosure process.
  • Between December and February, the average price per square foot for Canton homes was $93, up 10.7 percent when compared to the same period last year.
  • During that period, the median sales price for Canton homes was $181,250 based on 316 home sales.
  • When compared to last year, the median home sales price has increased 25 percent, or $36,250.
  • And the total number of home sales has dropped 4.5 percent year-over-year.
  • Here’s a look at how other communities did when it came to median sales price:
    • Plymouth, MI: $195,000
    • Livonia, MI: $123,900
    • Northville, MI: $336,835
    • Belleville, MI: $124,799
    • Novi, MI: $167,615
  • During the week ending on March 20, the average listing price for Canton homes was $216,157, down 6.8 percent from the previous week.
  • During that previous week, the average listing price was $231,900
  • Broken down further, during the week ending on March 20, the average listing price for a 2-bedroom Canton home was $149,369
  • The average listing price for a 3-bedroom home was $163,500
  • And the average listing price for a 4-bedroom home was $306,949
  • Here’s a look at how other communities did in terms of average listing price
    • Plymouth, MI: $335,035
    • Livonia, MI: $149,096
    • Northville, MI: $502,935
    • Belleville, MI: $153,452
    • Novi, MI: $1,075,512

Need Help Navigating the Canton Housing Market?

Then contact us at the Bittinger Team! We have years of experience helping both home buyers and home sellers get the outcome they want on the Canton real estate market!

And we’ll be happy to help you as well!

Until next time,

Noel

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