Across the board, real estate analysts are noting gains for the Canton real estate market. For instance, the average price per square foot has increased, as has the median sales price.
In fact, the only area that has shown a decrease is the total number of home sales, which experts credit to the low housing inventory.
If you’re considering entering the market anytime soon as a home buyer or seller, please make sure to continue reading to learn more about the current state of the market.
Canton MI Homes for Sale
Here are the highlights of the most recent market report for Canton:
- Currently there are 404 homes for sale on the market, including 134 in some stage of the foreclosure process.
- Between April and July, the average price per square foot for homes was $116, up 0.9 percent from the same period last year.
- Also, the median sales price for Canton homes was $204,950, based on 114 home sales.
- Compared to the same period last year, the median home sales price increased 0.7 percent, or $1,455.
- And the number of home sales decreased 68.7 percent.
- Here’s how other communities compared in terms of median sales price:
- Plymouth: $290,000
- Livonia: $165,000
- Northville: $300,000
- South Lyon: $295,000
- Farmington: $175,500
- Novi: $302,250
- During the week ending on July 29, the average listing price for Canton homes was $279,786, up 1.7 percent from the week before.
- During that previous week, the average listing price was $275,000.
- Here’s how other communities compared when it came to average listing price:
- Plymouth: $347,084
- Livonia: $176,605
- Northville: $465,262
- South Lyon: $329,316
- Farmington: $192,148
- Novi: $344,228
We’re Happy to Help With Your Next Canton Real Estate Transaction
We hope you found this information valuable as a home buyer or home seller on the Canton housing market. For more valuable information, please make sure to connect with us. We would love to assist you by answering any questions you might have as well as providing you with valuable home real estate resources.
Until next time,
Noel
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