Is North Canton, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, North Canton has remained a Seller's Market.
Housing Prices in North Canton, OH
How much do homes in North Canton, OH cost?
Median Sold Price
$275,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in North Canton was $275,000 in May 2024, up 7.6% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $147K | - | N/A |
2 Bedrooms | $195K | $212K | +8.7% |
3 Bedrooms | $229.9K | $248.3K | +8.0% |
4 Bedrooms | $300.7K | $325K | +8.1% |
5+ Bedrooms | $384.5K | $425K | +10.5% |
Summary: North Canton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 8.7%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 8.1%, and 5+ bedroom homes increased by 10.5%.
Median Sold Price Compared To Nearby Cities
North Canton | $255.5K | $275K | +7.6% |
Jackson Township | $285K | $301.2K | +5.7% |
Canton | $147.4K | $153K | +3.8% |
Plain Township | $225.5K | $230K | +2.0% |
Housing Supply in North Canton, OH
How many homes are available in North Canton, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
124 | 148 | +19.4% |
Summary: The North Canton real estate market had 148 homes for sale in May 2024, a 19.4% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 19 | -5.0% |
3 Bedrooms | 39 | 62 | +59.0% |
4 Bedrooms | 53 | 54 | +1.9% |
5+ Bedrooms | 12 | 13 | +8.3% |
Summary: The North Canton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 5%, 3 bedroom homes increased by 59%, 4 bedroom homes increased by 1.9%, and 5+ bedroom homes increased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
39 | 49 | +25.6% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
27 Homes Were Sold
Over Asking
Summary: A total of 49 homes were sold or pending in North Canton in May 2024, up by 25.6% month-over-month. Of the 45 sold homes, 22% were sold under asking, 18% were sold at asking, and 60% were sold over asking.
Days on Market for North Canton, OH
How long does it take to sell a home in North Canton, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
18 Days | 13 Days | -25.2% |
Summary: Homes in North Canton had an average of 13 days on market in May 2024, down by 25.2% compared to last year.
Breakdown of Home Sale Times
43 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 49 homes were sold in North Canton; 88% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.