Just like on the Plymouth MI real estate market, it was a great month to be a Canton home seller, according to recent market data.
That’s because both the home sales price and the average price per square foot increased when compared to a year ago. This signals that the local housing market may be becoming more balanced than years past.
Continue reading to learn more about recent sales activity on the Canton real estate market.
Properties for Sale in Canton Michigan
Here’s some basic market data that every Canton home seller should know before entering the market:
- Currently there are 410 homes for sale on the market, including 291 in some stage of the foreclosure process.
- Between November and January, the average price per square foot on a Canton home increased by 14.6 percent to $94.
- During that same period, the median sales price for homes was $149,000, based on 52 home sales.
- When compared to the year before, the median home sales price actually increased 3.1 percent even as the number of home sales decreased by 81.1 percent.
- Here’s how nearby communities compared in terms of median sales price:
- Northville: $305,000
- Salem: $139,000
- Canton: $149,500
- Novi: $150,000
- Livonia: $115,700
- South Lyon: $199,900
- During the week ending on February 15, the average listing price for Canton homes was $204,854, an increase of 2.5 percent when compared to the week before.
- Here’s how nearby communities compared in terms of average listing price:
- Northville: $463,894
- Salem: $682,333
- Canton: $204,854
- Novi: $322,216
- Livonia: $125,450
- South Lyon: $266,999
- Broken down, the average listing price for a 2-bedroom home was $102,182.
- The average listing price for a 3-bedroom home was $159,463.
- And the average listing price for a 4-bedroom Canton home was $255,626
List Your Canton MI Home for Sale Today!
As you can see, Michigan home sellers enjoyed a relatively successful month on the local housing market. Thus, if you’re thinking about listing your home anytime soon, now is a great time to do so!
For expert home selling advice that will help you sell your home quicker and for the best price possible, contact me, Noel Bittinger, and my team of Canton real estate experts, today!
We’ll be happy to assist you in all your home-selling needs. We’ll also provide you numerous Canton real estate resources, such as:
Until next time,
Noel