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Canton Real Estate Market Holds Strong Heading Into New Year

Home Selling 3There are plenty of reasons to list your home soon on the Canton, MI real estate market. After all, according to the latest real estate market report, the average price per square foot for homes has increased markedly, as has the median home sales price.

And while the total number of home sales has decreased, the average listing price has continued to rise.

Continue reading to learn more about the current state of the local housing market here to determine whether you should list your property on the market.

Canton MI Home Sales Activity You Should Know About

Here’s an overview of recent market activity:

  • Currently there are 410 homes for sale on the market, including 203 in some stage of the foreclosure process.
  • Between September and December, the median sales price for homes here was $484,000.
  • Compared to the same period one year ago, the median home sales price increased 118.5 percent, or $262,500.
  • Here’s how other communities stacked up when it came to median sales price:
    • Livonia: $ 130,000
    • Northville: $283,500
    • South Lyon: $268,000
    • Novi: $257,500
    • Farmington: $185,000
    • Plymouth: $359,500
  • Also during that period, the average price per square foot for Canton homes was $140, up 27.3 percent when compared to the same period last year.
  • During the week ending on Dec. 2, the average listing price for Canton homes was $272,701, up 0.9 percent from the week before.
  • During that previous week, the average listing price was $270,000.
  • Broken down further, the average listing price for a 2-bedroom home was $147,825
  • The average sales price for a 3-bedroom home was $229,396.
  • And the average sales price for a 4-bedroom home was $354,719
  • Here’s how other communities compared in terms of average listing price
    • Livonia: $174,804
    • Northville: $443,117
    • South Lyon: $308,394
    • Novi : $321,625
    • Farmington: $186,396
    • Plymouth: $332,900

How Can We Help With The Sale of Your Canton Home?

We hope you found the above information interesting as a prospective home buyer. If you’re interested in listing your Canton home anytime soon, be sure to connect with us at Bittinger Team, Realtors. We would love to assist you by first providing you with a free home evaluation, which will help determine what your ideal list price should be.

Until next time,

Noel

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