I’m kind of a “statistic junkie”. I love to crunch the numbers and watch the trends. With the information our local Multiple Listing Service provides, we can tell what types of homes are being sold in various areas of the county. All statistics reflect “median average” types, sizes, prices, etc. sold from January 1st through July 31st of this year. Most area homes sold have three bedrooms and two baths, unless stated differently under that location. Here’s what the “average” home in various areas of Stark County looks like:
North Canton: 233 transactions. Average sales prices $153,500, built in 1972 and has 1,904 square feet.
City of Canton: 355 transactions. Average sale prices $43,750, built in 1929, has 1,327 square feet and only one bath.
Plain Township: 374 transactions. Average sales price $138,500, built in 1966 and has 1,752 square feet.
Jackson Township: 313 transactions. Average sales price $200,000, built in 1988, has 2,162 square feet and has three baths.
Perry Township: 226 transactions. Average sales price $115,000, built in 1963 and has 1,502 square feet.
City of Massillon: 169 transactions. Average sales price $74,000, built in 1938 and has 1,406 square feet
Canal Fulton: 76 transaction. Average sales price $130,935, built in 1977 and has 1,701 square feet.
Louisville/Nimishillen Township: 129 transaction. Average sales price $130,000, built in 1967 and has 1,519 square feet.
Lake/Hartville/Uniontown area: 136 transaction. Average sales price $165,450, built in 1981 and has 1,792 square feet.
City of Alliance: 136 transaction. Average sales price $82,250, was built in 1948 and has 1,479 square feet.
Marlington School District area: 76 transactions. Average sales price $139,000, was built in 1967 and has 1,610 square feet.
In the areas cited, there were 2.223 sold transaction so far this year with 120 having one to three acres and 52 having three or more acres. (Marlington wins the acreage contest with 59% of their sold properties having one or more acres!) Of the total, 94% have basements, 23% have a one car garage, 70% have a two car garage or larger, 65% have at least one fireplace. When all of these area statistics are totaled together, the average median sales prices and number of transactions has increased by 5% since the same time frame in 2015.
If your home does not fall within statistical parameters, don’t panic! Your home’s unique amenities and qualities can make it even more marketable than the home down the street! Now is the time to buy or sell, as inventory is extremely tight and interest rates are still at all-time lows! So what are you waiting for?
And remember…ALL real estate is local! Make sure your REALTOR® is a member of the Stark County Association of REALTORS®!
As appearing in The Canton Repository 8-19-16