Is Canfield, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Canfield has remained a Seller's Market.
Key Takeaway
Canfield is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canfield, OH
How much do homes in Canfield, OH cost?
Median Sold Price
$295,000
$135/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Canfield have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Canfield was $295,000 in April 2024, up 5.7% from last year, and the median price per square foot was $135.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $121.2K | - | N/A |
| 2 Bedrooms | $166.7K | $221K | +32.5% |
| 3 Bedrooms | $250K | $264.7K | +5.9% |
| 4 Bedrooms | $360K | $400K | +11.1% |
| 5+ Bedrooms | $455K | $525K | +15.4% |
Summary: Canfield housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 32.5%, 3 bedroom homes increased by 5.9%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes increased by 15.4%.
Median Sold Price Compared To Nearby Cities
| Canfield | $279K | $295K | +5.7% |
| Canfield Township | $279K | $295K | +5.7% |
Housing Supply in Canfield, OH
How many homes are available in Canfield, OH?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 92 | 97 | +5.4% |
Summary: The Canfield real estate market had 97 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 10 | +42.9% |
| 3 Bedrooms | 45 | 52 | +15.6% |
| 4 Bedrooms | 30 | 27 | -10.0% |
| 5+ Bedrooms | 10 | 8 | -20.0% |
Summary: The Canfield housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 42.9%, 3 bedroom homes increased by 15.6%, 4 bedroom homes decreased by 10%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 22 | 28 | +27.3% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
10 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canfield, you may be able to get a good deal. 44.4% of homes here sold below asking price last month.
Summary: A total of 28 homes were sold or pending in Canfield in April 2024, up by 27.3% month-over-month. Of the 27 sold homes, 44% were sold under asking, 19% were sold at asking, and 37% were sold over asking.
Days on Market for Canfield, OH
How long does it take to sell a home in Canfield, OH?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 41 Days | 45 Days | +9.6% |
Summary: Homes in Canfield had an average of 45 days on market in Apr 2024, up by 9.6% compared to last year.
Breakdown of Home Sale Times
17 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Canfield are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 28 homes were sold in Canfield; 61% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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