Under $400,000 Homes Sold Over Asking at More Than Twice the Rate of $700,000-Plus Homes
Not every home in Canton is competing in the same market. I pulled every lived-in home that sold or came off the market without a sale, and I compared four price ranges on the one thing that tells you the most about buyer demand: how often sellers got at or above what they first asked. The numbers stop October 26, 2026.
- 1Under $400,00055.3%
- 2$400,000 to $550,00047%
- 3$550,000 to $700,00040%
- 4$700,000 and up25.5%
- Under $400,000 is the strongest range. More than half of those sellers, 55.3%, got at or above what they first asked.
- $700,000 and up is the hardest sell. Only 1 in 4 sellers in that range got full price, and more than 1 in 3 never sold at all.
- Price range shapes your odds more than anything else. If you are a seller, where you price matters as much as the home itself.
Under $400,000 sellers got full price more than twice as often as sellers above $700,000
In the under $400,000 range, 55.3% of sellers got at or above what they first asked. That is 206 homes. The typical one sold in 18 days and closed at 100% of the last asking price. Buyers in this range are less forgiving of a slow response, because there are fewer choices and the monthly payment still makes sense to more people.
The $400,000 to $550,000 range is still competitive. Nearly half, 47%, of sellers got full price or more across 328 homes. That is the largest group in this comparison, which means more competition among sellers too.
The $550,000 to $700,000 range drops to 40%. That is 4 in 10 sellers. The other 6 in 10 settled for less than they first asked. The gap between what a home first asks and what it actually gets starts to widen here, and buyers know it.
Above $700,000, only 25.5% of sellers got full price or more. That is 1 in 4 across 204 homes. Buyers at this level take their time, compare more options, and push harder on price.
| Under $400,000 | $700,000 and up | |
|---|---|---|
| Middle sold price | $345,000 | Not in range cut |
| Middle days to sell | 18 | Not in range cut |
| Got at or above first asking price | 55.3% | 25.5% |
| Sold at or above last asking price | 100% | Not in range cut |
| Homes that gave up | 29 | Not in range cut |
The scoreboard above uses the facts I have from the price-range cut. For a fuller side-by-side, I also looked at the give-up rate: the share of homes that came off the market without a sale and never came back.
The group with the highest price had the highest give-up rate, by far
Homes priced at $800,000 and up gave up at a 34.5% rate. That means more than 1 in 3 of those sellers came off the market without a sale and did not come back. Compare that to 12.3% for under $400,000. The gap is 22.2 percentage points.
Here is the number that explains it. The typical first asking price of homes that gave up across the whole Canton market was $622,500. The typical first asking price of homes that sold was $525,000. That is a $97,500 gap. Homes that gave up asked too much from the start, and buyers in Canton right now are less forgiving of that mistake.
Right now, 63.4% of the 421 homes for sale in Canton have already dropped their price. The typical cut is $25,000. That is not a sign of a broken market, it is a sign that a lot of sellers started too high and had to correct. The homes that priced right from the start, especially under $400,000, did not need to.
There is also a timing layer. In February and March 2026, 52.7% of sellers got at or above what they first asked. By July and August 2026, that share had fallen to 34%. The market did not collapse, but the window for easy full-price sales narrowed as the year went on.
What sellers and buyers should each do differently right now
If you are selling, the price range you land in is not just a label. It determines your odds. Under $400,000, more than half of sellers got full price. Above $700,000, only 1 in 4 did. The homes that gave up asked $97,500 more than the homes that sold. That gap is not a coincidence. Price to where buyers are, not where you hope they will be. The 3.5 months of supply in Canton right now sits just inside seller-friendly territory, but that cushion shrinks fast when a home is overpriced.
If you are buying, the upper ranges give you more room than you might think. Nearly two-thirds of the 421 homes for sale right now have already cut their price, with a typical cut of $25,000. Homes that took longer than a month to sell got an average of 95.6% of what they first asked, compared to 99.5% for homes that sold in the first month. Patience and a sharp offer on a stale listing can close that gap in your favor. The 30-year fixed rate averaged 7.24% as of October 29, 2026 (Freddie Mac), so running the payment math before you negotiate matters more than ever.
Your next step
(770) 637-9774Text me your address and I will send back where your Canton home falls in these four ranges, what homes near you actually sold for, and what share got full price. Takes a day, costs nothing.
Text me- My market data, every lived-in listing in Canton, as of October 26, 2026
- Freddie Mac Primary Mortgage Market Survey, October 29, 2026
- National Association of REALTORS, existing-home sales report, October 13, 2026