Canfield, OH 44406 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. median sold price: $412,500 is the primary indicator of market value and recent transaction activity in Canfield ZIP 44406, suggesting that completed transactions are tracking above asking benchmarks and should be prioritized for pricing comps. representative recent sale
2. Despite a lower median listing price: $366,500, the gap between median listing price and median sold price indicates pricing friction that may reflect seller optimism or appraisal compression; sellers and appraisers should reconcile expectations against realized sale outcomes. balanced but cautious
3. The market shows slower sales velocity as evidenced by median days on market: 306, which may indicate longer negotiation timelines and the need for more aggressive marketing or pricing adjustments to improve time-to-close. longer time on market
4. Rents and macro pressure signal investment interest: median market rent: $1,250 and a year-over-year rent trend of up occur alongside elevated interest rate pressure (current 30-year average ~6.63%), implying that while rental income is strengthening, financing affordability is a headwind buyers and investors must account for. rising rents

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.