Kime Realty's Market Report

Canton, MI 48188

Condos/Townhomes

(734) 446-5744 | Info@KimeRealty.com



Canton, MI 48188

Sat Mar 02 2024
This week the median list price for Canton, MI 48188 is $324,950 with the market action index hovering around 57. This is less than last month's market action index of 63. Inventory has increased to 16. Click here to stay informed with the Canton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Canton, MI 48188

Sat Mar 02 2024
This week the median list price for Canton, MI 48188 is $324,950 with the market action index hovering around 57. This is less than last month's market action index of 63. Inventory has increased to 16. Click here to stay informed with the Canton market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Canton market.
Median List Price $324,950
Median Price of New Listings $267,500
Per Square Foot $192
Average Days on Market 47
Median Days on Market 14
Price Decreased 6%
Price Increased 0%
Relisted 6%
Inventory 16
Median Rent
Market Action 57
Strong Seller's Market

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$424,950 1,858 - 3 2 9 0 0 14
$374,900 1,984 - 3 2.5 22 1 0 31
$307,000 1,635 - 2 2 21 2 2 24
$242,450 1,582 - 2 2 21 3 2 0