Canton Housing Market Report December 2024•Cherokee County, Georgia

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Housing Prices in Canton, GA

How much do homes in Canton, GA cost?

Housing Market Conditions

Is Canton, GA a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Canton is a Neutral Market

Difference Since December 2023

At the same time last year, Canton was a Seller's Market.

Insight

Canton is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$529,689$203/SqFt
+$35,825
+7.3%

Based on all homes sold in the last 12 months

Insight

Homes in Canton have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Canton was $529,689 in December 2024, up 7.3% from last year, and the median price per square foot was $203.

Median Sold Price By City

Median Sold Price By City
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Holly Springs
+7.7%
Canton
+7.3%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsDec 2023Dec 2024Change YoY
1$332.5K$314.2K
-5.5%
2$435K$450K
+3.4%
3$401.4K$416.2K
+3.7%
4$491.6K$520K
+5.8%
5$658.9K$700.6K
+6.3%

Summary: Canton housing price by bedroom type for December 2024, compared to the previous year. The home price for 1 bedroom homes decreased by -5.5%. The home price for 2 bedroom homes increased by +3.4%. The home price for 3 bedroom homes increased by +3.7%. The home price for 4 bedroom homes increased by +5.8%. The home price for 5 bedroom homes increased by +6.3%.

Housing supply in Canton, GA

How many homes are available in Canton, GA?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
667Last MonthDec 2024
7002 months agoNov 2024
-4.7 %
Change MoMNov – Dec

Summary: The Canton real estate market had 667 homes for sale in Dec 2024, a 4.7 % decrease compared to Nov 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
107Last MonthDec 2024
1482 months agoNov 2024
-27.7 %
Change MoMNov – Dec

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsNov 2024Dec 2024Change MoM
133
0.0%
26445
-29.7%
3237239
+0.8%
4198188
-5.1%
5198192
-3.0%

Summary: Canton housing inventory by bedroom type for December 2024, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -29.7%. The inventory for 3 bedroom homes increased by +0.8%. The inventory for 4 bedroom homes decreased by -5.1%. The inventory for 5 bedroom homes decreased by -3.0%.

Asking Price vs. Sold Price

How much do homes in Canton, GA cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price15 Homes

At Asking Price29 Homes

Under Asking Price58 Homes

Insight

If you're buying a home in Canton, you may be able to get a good deal. 56.9% of homes here sold below asking price last month.

Summary: A total of 107 homes were sold or pending in Canton in December 2024, down by 27.7% month-over-month. Of the 102 sold homes, 57% were sold under asking, 28% were sold at asking, and and 15% were sold over asking.

Days on Market for Canton, GA

How long does it take to sell a home in Canton, GA?

Breakdown of Home Sale Times

Under 30 Days49 Homes

30 – 90 Days40 Homes

Over 90 Days18 Homes

Insight

Many homes in Canton are selling fast, if you're buying plan to act quickly.

Summary: During December 2024, 107 homes were sold in Canton; 46% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
44 DaysThis YearDec 2024
39 Days1 year agoDec 2023
+14.1 %
Change YoYDec 2023 – Dec 2024

Summary: Homes in Canton had an average listing age of 44 days in Dec 2024, up by 14.1% compared to the previous year.

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Newest Listings in Canton, GA

What homes are available in Canton, GA?

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Based on information from Georgia MLS, First Multiple Listing Service Inc., Northeast Georgia MLS, and Classic MLS for the period 01/01/2023 - 01/01/2025

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Northeast Georgia Board of REALTORS ® Multiple Listing Service. © Copyright 2025. All rights reserved. This information is being provided for the consumers' personal, use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing. This information is updated daily; however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Copyright© 2025 Classic MLS. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/29/2025, 3:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.