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CANTON, MI 48188

Real Estate Market Report  ·  Wayne County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The CANTON, MI real estate market (48188) currently shows 105 active listings, with 50 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 40 days on market compared to 38 days last year.

The median listing price has risen 3.3% year-over-year, from $413,450 to $427,000.

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 Context

Market Context

Population: 45,390  ·  Density: 980.2/mi²  ·  Median household income: $115,025

Typical home value: $336,937  ·  Homeownership: 82.1%

Market Overview

Active Listings
105
⇧ 19.3% vs 88 last year
Pending
50
48% pending ratio
Median Price
$427,000
⇧ 3.3% vs $413,450 last year
Average Price
$454,762
⇧ 7.7% vs $422,067 last year
Days on Market
40
⇧ 5.3% vs 38 days last year

Price Per Square Foot

Median $/sqft
$218
vs $218/sqft last year
Median Home Size
1,877 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 105 this year vs 88 last year
  • Days on market: 40 now vs 38 last year

Median & Average Pricing

Year over Year
  • Median: $427,000 (+3.3% YoY)
  • Average: $454,762 (+7.7% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 12.0 miles — 924 listings ($279,836,004 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48188Canton, MI 481880.0 mi102$45,388,470$412,450$444,985
48184Wayne, MI 481844.7 mi47$13,098,289$167,450$278,687
48186Westland, MI 481865.7 mi73$15,519,070$208,750$212,590
48185Westland, MI 481856.2 mi82$19,633,834$229,900$239,437
48135Garden City, MI 481357.9 mi60$13,649,880$218,700$227,498
48174Romulus, MI 481748.6 mi80$19,563,360$217,425$244,542
48141Inkster, MI 481418.8 mi88$11,028,864$125,000$125,328
48154Livonia, MI 481549.6 mi39$13,220,610$334,800$338,990
48127Dearborn Heights, MI 4812711.0 mi64$21,633,984$269,500$338,031
48125Dearborn Heights, MI 4812511.3 mi80$15,628,640$169,225$195,358
48128Dearborn, MI 4812811.8 mi20$7,669,600$349,250$383,480
48104Ann Arbor, MI 4810411.9 mi84$64,354,248$399,475$766,122
48239Redford, MI 4823912.0 mi105$19,447,155$191,225$185,211

Frequently Asked Questions

How many homes are for sale in CANTON, MI 48188?

As of March 2026, there are 105 active listings in CANTON, MI (zip code 48188), compared to 88 the prior year.

What is the median home price in CANTON, MI 48188?

The median listing price in CANTON, MI 48188 is $427,000 as of March 2026, a 3.3% increase from $413,450 the prior year.

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

Homes in CANTON, MI 48188 spend an average of 40 days on the market before going under contract, compared to 38 days the prior year.

Is it a seller's or buyer's market in CANTON, MI 48188?

Based on current inventory and days-on-market data as of March 2026, CANTON, MI 48188 is currently a Buyer's Market. Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 40 days on market compared to 38 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 48188 save an estimated $8,540 compared to a typical 5% commission on the median listing price of $427,000. 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.