The New Year started off right for Michigan home sellers navigating the Canton, MI real estate market. After all, the median sales price increased year-over-year, as did the average listing price.
And although the total number of home sales actually decreased year-over-year, the average price per square foot ended up increasing when compared to 2013.
This is fantastic news for all home owners thinking about listing their properties.
Canton, MI Home Selling Trends
Here’s an overview of recent market activity in Canton, Michigan:
- Currently there are 33- homes for sale on the market, including dozens of homes in some stage of the foreclosure process.
- Between October and January, the average price per square foot for Canton homes was $107, up 15.1 percent compared to the same period last year.
- Also between that time period, the median sales price for Canton homes was $192,500 based on 303 home sales.
- Compared to the same period last year, the median home sales price increased 10.6 percent, or $18,400.
- And the total number of home sales decreased 7.1 percent.
- During the week ending on Jan. 1, the average listing price for Canton homes was $235,712, up 3.8 percent from the week before.
- During that previous week, the average listing price was $227,000.
- Broken down further, during the week ending on Jan. 1, the average listing price for 2-bedroom Canton homes was $150,245
- The average listing price for a 3-bedroom home was $177,572.
- And the average listing price for a 4-bedroom home was $332,498.
- Here’s how nearby communities compared when it came to average listing price:
- Northville: $477,401
- Novi: $351,589
- Livonia: $162,016
- South Lyon: $330,429
- Canton: $235,712
- Here’s how other communities compare when it came to median sales price:
- Northville: $289,950
- Novi: $238,700
- Livonia: $142,000
- South Lyon: $220,000
- Canton: $192,500
Your Canton, MI Neighborhood Home Selling Expert
If you’re ready to list your property on the Canton, MI real estate market, then please contact us at the Bittinger Team today.
We’ll be happy to help you with all of your home-selling needs in Canton and surrounding communities.
Until next time,
Noel
Explore our website: www.Bittinger.com
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