What an incredible couple of weeks it’s been here on the Canton real estate market! In addition to seeing the average price per square foot increase locally, we’re also seeing the median sales price for local homes increase.
This is fantastic news because it means that the spring home buying season is already off to a successful start and is only expected to improve as time goes on.
If you’re considering listing your Canton home anytime soon, today’s blog is for you!
Canton MI Real Estate Statistics
Here’s a look at the most recent market activity in Canton, based on real estate reports:
- Currently there are 344 homes for sale in Canton, including 216 in some stage of the foreclosure process.
- Between January and April, the average price per square foot for Canton homes was $106, up 12.8 percent from the same period last year.
- Meanwhile, the median sales price for homes during that same period was $190,000, based on 115 home sales.
- When compared to the same period last year, the median home sales price increased 12.6 percent, or $21,300.
- Meanwhile, the total number of home sales actually decreased 57.4 percent.
- Here’s how other communities stacked up in terms of median sales price
- Northville $222,000
- Livonia $136,875
- South Lyon $200,000
- Farmington $140,000
- Novi $364,676
- Plymouth: $209,500
- During the week ending on April 23, the average listing price for Canton homes was $260,135, up 0.2 percent from the week before.
- Broken down further, the average listing price for a 2-bedroom Canton home was $158,091
- The average listing price for a 3-bedroom home was $194,057
- And the average listing price for a 4-bedroom home was $341,666
- Here’s a look at how other communities compared when it came to average listing price:
- Northville $506,056
- Livonia $177,576
- South Lyon $375,965
- Farmington $159,719
- Novi $364,676
- Plymouth: $369,282
Helping You List Your Canton Home Today!
If you’re as encouraged as we are about the recent data on the housing market in Canton, you may feel like the time is now to list your property.
If that’s the case, please make sure to contact me, Noel Bittinger, and my team of Canton real estate experts! We would be happy to assist you!
Until next time,
Noel
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