The total number of home sales may be down, but overall, the Canton, Michigan real estate market is looking pretty good lately!
For instance, both the average listing price and the median home sales price have increased.
And, both figures continue to be higher than some of the surrounding communities.
Additionally, the inventory of homes for sale is INCREDIBLY low! This means that sellers have a special advantage when it comes to the Canton, Michigan real estate market right now.
So, if you’re thinking about listing your Canton home anytime soon, you can rest assured that now would be a great time to do so! You don’t want to miss out on these amazing conditions for home sellers in Canton!
The 411 on Canton Homes for Sale
Here’s an overview of the current state of the real estate market in Canton:
- Currently there are 315 homes for sale on the market, including scores that are in some stage of the foreclosure process.
- Between December and March, the average price per square foot for Canton homes was $108, up 17.4 percent when compared to the same period last year.
- Meanwhile, the median home sales price during that same period was $189,900 based on 143 home sales.
- Compared to the same period a year ago, the median home sales price has increased 13 percent, or about $21,900.
- And the number of home sales has decreased 42.1 percent.
- Here’s how other communities compared when it came to median sales price
- Northville $270,000
- Livonia $134,650
- South Lyon $199,000
- Farmington $205,000
- Novi $222,000
- Plymouth: $193,500
- During the week ending on March 26, the average listing price for Canton homes was $237,229, up 2.4 percent from the week before.
- During that previous week, the price was $232,100.
- Broken down further, the average listing price for a 2-bedroom home was $162,270.
- The average listing price for a 3-bedroom home was $176,090.
- And the average listing price for a 4-bedroom home was $320,806.
- Here’s how other communities compared when it came to average listing price:
- Northville $494,837
- Livonia $166,817
- South Lyon $348,472
- Farmington $282,568
- Novi $352,368
- Plymouth: $353,303
Here to Help You With all Your Canton Home Selling Needs
Would you like further perspective on how recent activity on the Canton MI real estate market may affect you as a home seller?
If so, make sure to contact me, Noel Bittinger, and my dedicated team of REALTORS, today! We would love to assist you by answering your questions, helping you list your home, and assisting you in every part of the home buying or home selling process!
Until next time,
Noel
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