---
title: "Canton, MA Real Estate Market: 10 Things Homebuyers Should Know"
description: The Canton, Massachusetts real estate market saw relatively modest single-family home price gains in 2020, while condominium prices jumped double digits.
---

[Massachusetts Home Buyer Guide, First-time Homebuyer Tips, Advice MA ](https://info.buyersbrokersonly.com/blog)

# [Canton, MA Real Estate Market: 10 Things Homebuyers Should Know](https://info.buyersbrokersonly.com/blog/canton-ma-real-estate-market-10-things-homebuyers-should-know)

 Written by [Rich Rosa](https://info.buyersbrokersonly.com/blog/author/rich-rosa) | Feb 26, 2021 12:53:45 PM

The Canton, Massachusetts real estate market saw relatively modest single-family home price gains in 2020, while condominium prices jumped double digits.

Sales of houses and condominiums were strong last year and in December.

<https://info.buyersbrokersonly.com/personal-home-buyer-consultation>According to data compiled by the Massachusetts Association of Realtors (MAR), the following are 10 things prospective homebuyers should know about the Canton [real estate market](https://www.buyersbrokersonly.com/video/educational-videos-for-home-buyers). 

1. The median condominium price increased 14.3 percent in 2020 to $440,000 from $385,000 in 2019. The median price was $343,950 in 2018. 

2. In December 2020, condo prices declined 8.7 percent to $400,000 on a year-over-year basis. 

3. [Homebuyers](https://info.buyersbrokersonly.com/homebuyer-checklist-massachusetts) often paid list price or more for condominiums, paying 101.6 percent of the original list price in 2020. 

4. Single-family home prices increased to $610,000, a 4.4 percent rise compared to $584,375 in 2019. A 4.4 percent increase was modest relative to other cities and towns in the Greater Boston area (See [Dedham, MA](https://info.buyersbrokersonly.com/blog/dedham-ma-home-prices-increase-double-digits-in-2020); [Waltham, MA](https://info.buyersbrokersonly.com/blog/waltham-ma-real-estate-market-11-things-homebuyers-should-know); [Haverhill, MA](https://info.buyersbrokersonly.com/blog/haverhill-ma-home-prices-spike-inventory-plummets-in-2020); and [Wakefield, MA](https://info.buyersbrokersonly.com/blog/wakefield-real-estate-market-9-things-to-know); [Acton, MA](https://info.buyersbrokersonly.com/blog/acton-ma-home-prices-sales-mixed-in-2020)). The median price was $565,000 in 2018. 

5. Median house prices rose 10.8 percent to $690,000 in December 2020 from $622,500 the previous December. 

6. [Homebuyers](https://www.buyersbrokersonly.com/home-buying-process) paid 98.6 percent of the original list price for single-family homes in 2020. 

7. Home sales in Canton were strong in 2020. [Single-family sales](https://info.buyersbrokersonly.com/home-listings) jumped 17.6 percent to 221 closed transactions, while **condominium sales skyrocketed 92.7 percent** to 185 units sold. 

8. There were only 13 condominiums on the Canton real estate market at the end of December, a 35 percent drop from December 2019. The number of months supply of condo inventory fell to less than one month (0.8), a 68 percent decline from December 31, 2019. About six months of inventory is considered a balanced market between [home buyers](https://info.buyersbrokersonly.com/blog/topic/home-buying-tips) and home sellers. 

9. Single-family inventory plummeted in December. Homebuyers only had eight homes to consider at the end of December – MAR calculates inventory numbers on the last day of the month – a 73.3 percent decrease from 30 available homes in December 2019. The number of months supply of single-family inventory fell 78.9 percent to less than one-half of one month (0.4). 

10. The lowest median price for a single-family home since the 2008 financial crisis was $418,500 in 2009. In 2009, the median condo price was $227,500. 

[View full post](https://info.buyersbrokersonly.com/blog/canton-ma-real-estate-market-10-things-homebuyers-should-know)

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