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CANTON, MI 48187

Real Estate Market Report  ·  Wayne County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
67
⇧ 26.4% vs 53 last year
Pending
24
36% pending ratio
Median Price
$399,000
⇩ 0.8% vs $402,400 last year
Average Price
$456,423
⇩ 9.6% vs $504,965 last year
Days on Market
42
⇩ 22.2% vs 54 days last year

Market Context

Population: 52,861  ·  Density: 1,129.1/mi²  ·  Median household income: $112,395

Typical home value: $323,478  ·  Homeownership: 72.1%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The CANTON, MI real estate market (48187) currently shows 67 active listings, with 24 pending sales. Homes are averaging 42 days on the market before going under contract.

Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice.

Homes are selling faster, averaging 42 days on market compared to 54 days last year.

The median listing price has fallen 0.8% year-over-year, from $402,400 to $399,000.

Whether you are buying or selling in CANTON, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 67 this year vs 53 last year
  • Days on market: 42 now vs 54 last year

Median & Average Pricing

Year over Year
  • Median: $399,000 (-0.8% YoY)
  • Average: $456,423 (-9.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.7 miles — 746 listings ($289,075,755 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48187Canton, MI 481870.0 mi67$30,580,341$399,000$456,423
48170Plymouth, MI 481703.5 mi86$61,700,700$535,000$717,450
48168Northville, MI 481685.9 mi55$47,095,070$600,000$856,274
48186Westland, MI 481866.3 mi75$15,981,300$209,000$213,084
48150Livonia, MI 481506.5 mi46$13,643,600$287,000$296,600
48154Livonia, MI 481547.5 mi48$16,860,288$349,900$351,256
48152Livonia, MI 481528.8 mi59$18,577,684$254,500$314,876
48375Novi, MI 483759.5 mi43$17,711,743$425,000$411,901
48335Farmington, MI 4833510.2 mi28$10,743,124$344,900$383,683
48127Dearborn Heights, MI 4812710.5 mi57$19,072,599$269,500$334,607
48239Redford, MI 4823910.8 mi107$19,557,032$184,950$182,776
48240Redford, MI 4824011.6 mi51$8,207,634$159,900$160,934
48128Dearborn, MI 4812811.7 mi24$9,344,640$349,350$389,360

Frequently Asked Questions

How many homes are for sale in CANTON, MI 48187?

As of January 2026, there are 67 active listings in CANTON, MI (zip code 48187), compared to 53 the prior year.

What is the median home price in CANTON, MI 48187?

The median listing price in CANTON, MI 48187 is $399,000 as of January 2026, a 0.8% decrease from $402,400 the prior year.

How long do homes stay on the market in CANTON, MI?

Homes in CANTON, MI 48187 spend an average of 42 days on the market before going under contract, compared to 54 days the prior year.

Is it a seller's or buyer's market in CANTON, MI 48187?

Based on current inventory and days-on-market data as of January 2026, CANTON, MI 48187 is currently a Balanced Market. Inventory has increased compared to last year, with 14 more homes available — giving buyers more choice. Homes are selling faster, averaging 42 days on market compared to 54 days last year.

How much can I save on real estate commission in CANTON, MI?

With SELL123.com's maximum 3% commission, sellers in CANTON, MI 48187 save an estimated $7,980 compared to a typical 5% commission on the median listing price of $399,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.