Is Canal Fulton, 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, Canal Fulton has remained a Seller's Market.
Key Takeaway
Canal Fulton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Canal Fulton, OH
How much do homes in Canal Fulton, OH cost?
Median Sold Price
$245,000
$136/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Canal Fulton have sold for 5.8% less than they did a year ago.
Summary: The median home sold price in Canal Fulton was $245,000 in May 2024, down 5.8% from last year, and the median price per square foot was $136.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $178.5K | $200.1K | +12.1% |
| 3 Bedrooms | $250K | $246K | -1.6% |
| 4 Bedrooms | $310K | $284.9K | -8.1% |
| 5+ Bedrooms | $463K | $447.5K | -3.3% |
Summary: Canal Fulton 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 12.1%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 8.1%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Cities
| Lawrence Township | $230.5K | $235K | +2.0% |
| Canal Fulton | $260K | $245K | -5.8% |
Housing Supply in Canal Fulton, OH
How many homes are available in Canal Fulton, OH?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 35 | 37 | +5.7% |
Summary: The Canal Fulton real estate market had 37 homes for sale in May 2024, a 5.7% 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 | 5 | 6 | +20.0% |
| 3 Bedrooms | 24 | 23 | -4.2% |
| 4 Bedrooms | 5 | 6 | +20.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Canal Fulton 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 increased by 20%, 3 bedroom homes decreased by 4.2%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 11 | 0.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Canal Fulton, you may be able to get a good deal. 45.5% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Canal Fulton in May 2024, the same as the previous month. Of the 11 sold homes, 45% were sold under asking, 18% were sold at asking, and 36% were sold over asking.
Days on Market for Canal Fulton, OH
How long does it take to sell a home in Canal Fulton, OH?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 18 Days | 38 Days | +109.7% |
Summary: Homes in Canal Fulton had an average of 38 days on market in May 2024, up by 109.7% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Canal Fulton are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 11 homes were sold in Canal Fulton; 55% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
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