Is Canton, MI 48188 a buyer’s or seller’s market?

The Canton housing market right now

In the three months ending August 31, 2026, 39% of homes in Canton, MI 48188 sold above their list price, the typical home went under contract in 20 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 175 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 47%, homes sold more slowly (17 days then) and the median sale price held steady to $421,817. Overall, Canton is less competitive than a year ago, which gives buyers more room.

Within Wayne County, homes here sell faster than in 60% of the county’s ZIP codes, and sell more often over asking than in 63%. On our competition score, Canton ranks #77 of 510 MI ZIP codes with enough sales (score 81 out of 100).

Nearby, buyers who want less competition could look at Dearborn 48120 (0% sold over asking) or Detroit 48201 (5% sold over asking), while Dearborn 48128 (72% sold over asking) and Livonia 48154 (59% sold over asking) are even more competitive.