The Canton, MI real estate market keeps getting better and better for home sellers, according to recent market data.
In fact, here are four encouraging signs that the market is increasingly favoring home sellers:
- The average price per square foot for Canton homes is up
- The median home sales price has increased year-over-year
- The total number of home sales has increased year-over-year
- The average listing price for Canton homes is higher than surrounding communities
If you’re considering listing your home anytime soon, you’re sure to find today’s real estate blog helpful!
Canton, MI Homes for Sale
Here’s an overview of the current state of the Canton housing market, based on the most recent market data:
- Currently there are 379 homes for sale on the market, including 237 homes in some stage of the foreclosure process.
- Between July and October, the average price per square foot for Canton homes was $109, up 21.1 percent from the same period last year.
- Also during that period, the median sales price for Canton homes was $208,500, based on 397 home sales.
- When compared to the same period one year ago, the median home sales price has increased 26.4 percent, or $43,600.
- Meanwhile, the total number of home sales increased 12.8 percent.
- Here’s how other communities compared when it came to median sales price:
- Northville: $322,750
- Novi: $258,000
- Livonia: $144,000
- South Lyon: $240,000
- Wayne: $47,527
- During the week ending on Oct. 9, the average listing price for Canton homes was $226,162, down 0.6 percent from the week before.
- During that previous week, the average listing price was $227,500.
- Broken down further, during the week ending on Oct. 9, the average listing price for a 2-bedroom home was$168,985
- The average listing price for a 3-bedroom home was $174,550
- And the average listing price for a 4-bedroom home was $312,869
- Here’s how other communities compared when it came to average listing price:
- Northville: $467,556
- Novi: $324,115
- Livonia: $168,572
- South Lyon: $321,976
- Wayne: $68,894
Your Dedicated Canton REALTORS®
As you can see, it truly is a good time to be home seller in Canton.
For more information on current trends on the Canton real estate market, or to request help listing your house, please contact us at The Bittinger Team.
Until next time,
Noel
Explore our website: www.Bittinger.com
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