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Canton, MI 48188 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Canton, MI inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.30
ActiveActive listings: 4343PendingPending sales: 1313
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): $315k$315kSoldMedian sold price (last 6 months): $420k$420k
What homes actually sell for in Canton, MI
Distribution of 508 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $327k to $555k
$199k to $264k: 41 sales$199k$264k to $329k: 65 sales$329k to $394k: 95 sales95sales$329k$394k to $460k: 66 sales$460k to $525k: 70 sales$460k$525k to $590k: 41 sales$590k to $655k: 46 sales$590k$655k to $720k: 32 salesMedian $420k

What the numbers say

As of September 14, 2026, Resideline is tracking 43 active listings and 13 pending sales in ZIP code 48188. That pending-to-active ratio of 0.30 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $314,900, while the median of the 508 closed sales Resideline tracked over the last six months was $419,900. 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 62 days.

Frequently asked questions

What is the median home price in 48188?

The median closed sale price in Canton, MI 48188 was $419,900 over the last six months, based on 508 closed sales tracked by Resideline. The middle half of those sales ranged from $327,000 to $555,000.

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

Resideline is currently tracking 13 pending sales against 43 active listings in 48188, a pending-to-active ratio of 0.30. 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

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