The real estate market in Canton is showing an amazing amount of growth lately, according to the latest real estate market data.
Evidently, both the median sales price and the average listing price have shown remarkable growth over the last several weeks, as has the average price per square foot.
If you’re in the market for a Canton home for sale, we encourage you to continue reading to learn more about these latest trends.
A Closer Look at the Canton Real Estate Market
Here’s an overview of the current state of the market, based on the most recent data:
- Currently there are 369 homes for sale on the market, including 155 homes in some stage of the foreclosure process.
- Between December and March, the average price per square foot for Canton homes was $111, up 3.7 percent from the same period a year ago.
- Also during that time period, the median sales price for homes was $201,500 based on 148 home sales.
- Compared to the same period last year, the median home sales price increased 8.9 percent, or $16,500.
- And the number of home sales decreased 28.5 percent.
- Here’s how other communities compared when it came to median sales price:
- Northville: $299,000
- Livonia: $152,000
- South Lyon: $257,750
- Farmington: $152,250
- Novi: $238,121
- Plymouth: $234,000
- During the week ending on March 25, the average listing price for Canton homes was $284,988, up 4.1 percent from the week before.
- During that previous week, the average listing price was $283,000.
Broken down further: - The average listing price for 2-bedroom homes was $164,820
- The average listing price for 3-bedroom homes was $221,639
- And the average listing price for 4-bedrooms was $372,692
- Here’s how other communities compared in terms of average listing price:
- Northville: $572,120
- Livonia: $174,523
- South Lyon: $412,465
- Farmington: $165,708
- Novi: $352,361
- Plymouth: $343,891
Buy a Canton Home Before Prices Continue to Rise!
If you’ve been on the fence about whether to invest in a Canton home for sale, we encourage you to take that next step toward purchasing one.
After all, if trends continue the way they’ve been going, prices around here are only expected to rise!
Contact us at The Bittinger Team to take that next step. We’ll start by chatting with you about what you’re looking for in a home and then we’ll tell you about available listings.
Until next time,
Noel