Single-Family Homes
Mon Jul 04 2022
This week the median list price for Canton, GA is $579,950 with the market action index hovering around 63. This is less than last month's market action index of 71. Inventory has increased to 242.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. However, the market is still notably in the Seller’s zone so we haven’t yet seen prices move lower as a result. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.
Median List Price | $579,950 | |
Median Price of New Listings | $515,000 | |
Per Square Foot | $210 | |
Average Days on Market | 46 | |
Median Days on Market | 21 | |
Price Decreased | 24% | |
Price Increased | 5% | |
Relisted | 15% | |
Inventory | 242 | |
Median Rent | ||
Market Action | 63 | |
Strong Seller's Market |
Prices have moved upward in the last few weeks and are nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
Median Price | Sq. Ft. | Lot Size | Beds | Bath | Age | New | Absorbed | DOM |
---|---|---|---|---|---|---|---|---|
$1,197,000 | 5,192 | 2.5 - 5 acres | 5 | 4.5 | 19 | 10 | 9 | 28 |
$648,950 | 3,440 | 0.25 - 0.5 acre | 4 | 3.5 | 17 | 13 | 10 | 28 |
$500,000 | 2,516 | 0.25 - 0.5 acre | 4 | 3 | 16 | 17 | 12 | 14 |
$349,900 | 1,541 | 0.25 - 0.5 acre | 3 | 2 | 35 | 23 | 14 | 14 |