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Canton, MI 48188 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Canton, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.16
ActiveActive listings: 4444PendingPending sales: 77
Canton, MI: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $455k$455kSoldMedian sold price (last 6 months): $416k$416k
What homes actually sell for in Canton, MI
Distribution of 513 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $335k to $550k
$196k to $262k: 36 sales$196k$262k to $328k: 60 sales$328k to $394k: 105 sales105sales$328k$394k to $460k: 77 sales$460k to $527k: 69 sales$460k$527k to $593k: 44 sales$593k to $659k: 44 sales$593k$659k to $725k: 27 salesMedian $416k

What the numbers say

As of October 5, 2026, Resideline is tracking 44 active listings and 7 pending sales in ZIP code 48188. That pending-to-active ratio of 0.16 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $454,950, while the median of the 513 closed sales Resideline tracked over the last six months was $416,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 48188 for 70 days.

Frequently asked questions

What is the median home price in 48188?

The median closed sale price in Canton, MI 48188 was $416,000 over the last six months, based on 513 closed sales tracked by Resideline. The middle half of those sales ranged from $335,000 to $550,000.

Is 48188 a buyer's or seller's market?

Resideline is currently tracking 7 pending sales against 44 active listings in 48188, a pending-to-active ratio of 0.16. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 48188 currently looks like a balanced market.

Nearby ZIP code market data

Full Canton, MI housing market report →

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