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OH Avg Real Estate Commission Rate in Canton, Massillon, Ohio

Canton is a city in and the county seat of Stark County, Ohio, United States. Founded in 1805 alongside the Middle and West Branches of Nimishillen Creek, Canton became a heavy manufacturing center because of its numerous railroad lines. However, its status in that regard began to decline during the late 20th century, as shifts in the manufacturing industry led to the relocation or repositioning of many factories. After this decline, the city's industry diversified into the service economy, including retailing, education, finance and healthcare.

Canton is located approximately 24 miles (39 km) south of Akron, and 60 miles (97 km) south of Cleveland, in Northeast Ohio. Canton lies on the outskirts of the greater northeast Ohio metropolitan area anchored by Cleveland, and is also a short distance away from the periphery of the greater Pittsburgh area. The city lies on the edge of Ohio's extensive Amish country, particularly in Holmes and Wayne counties to the city's west and southwest. Canton is located along Interstate 77, U.S. Route 62, and the historic Lincoln Highway, the present-day U.S. Route 30, and is also the terminus of the Cuyahoga Valley Scenic Railroad.

Canton is the largest incorporated area in the Canton-Massillon, OH Metropolitan Statistical Area, which includes all of Stark and Carroll counties. As of the 2010 Census, the population was 404,422. Canton's city population declined 9.7%, down to 73,007 residents. Despite this decline, the 2010 figure actually moved Canton from ninth to eighth place among Ohio cities. Nearby Youngstown in Mahoning County, once considerably more populous than Canton, suffered a larger decline.

Canton is chiefly notable for two reasons: the first is football, especially the Pro Football Hall of Fame and the formation in 1920 of what eventually became the National Football League. The second is William McKinley, who conducted from his home in Canton the famed front porch campaign which won him the presidency of the United States in the 1896 election. The McKinley National Memorial and the William McKinley Presidential Library and Museum commemorate his life and presidency. Canton was chosen as the site of the First Ladies National Historic Site largely in honor of his wife, Ida Saxton McKinley.

Canton is currently experiencing an urban renaissance, anchored by its growing and thriving arts district centrally located in the downtown area. Several historic buildings have been rehabilitated and converted into upscale lofts, attracting thousands of new downtown residents into the city. Furthering this downtown development, in June 2016, Canton became one of the first cities in Ohio to allow the open consumption of alcoholic beverages in a "designated outdoor refreshment area" pursuant to a state law enacted in 2015 (Sub. H.B. No. 47).

 

Canton, Massillon, Ohio Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0% is typically asked for by “full service” Agents working for the big national real estate firms in Canton, Massillon, Ohio. 70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Canton, Massillon, Ohio, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0%-5.5%%

Very Competitive Commission: 4.5%-4.99%

The median existing single-family home price in the Midwest rose 6.6%, to $204,000, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Ohio, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Akron $139,400 6.30%
Canton-Massillon $131,000 2.20%
Cincinnati $168,600 5.00%
Cleveland-Elyria $144,800 4.90%
Columbus $197,700 8.80%
Dayton $141,800 2.20%
Toledo $127,600 2.00%
Youngstown-Warren-Boardman, OH-PA $87,000 1.90%
 
IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Ohio.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

As of the census of 2010, there were 73,007 people, 29,705 households, and 17,127 families residing in the city. The population density was 2,867.5 inhabitants per square mile (1,107.1/km2). There were 34,571 housing units at an average density of 1,357.9 per square mile (524.3/km2). The racial makeup of the city was 69.1% White, 24.2% African American, 0.5% Native American, 0.3% Asian, 1.0% from other races, and 4.8% from two or more races. Hispanic or Latino of any race were 2.6% of the population.

There were 29,705 households of which 31.5% had children under the age of 18 living with them, 30.8% were married couples living together, 21.1% had a female householder with no husband present, 5.7% had a male householder with no wife present, and 42.3% were non-families. 35.4% of all households were made up of individuals and 11.6% had someone living alone who was 65 years of age or older. The average household size was 2.35 and the average family size was 3.04.

The median age in the city was 35.6 years. 25.1% of residents were under the age of 18; 10.8% were between the ages of 18 and 24; 25.6% were from 25 to 44; 25.6% were from 45 to 64; and 12.8% were 65 years of age or older. The gender makeup of the city was 47.4% male and 52.6% female.

 

ECONOMY:

The Canton area's economy is primarily industrial, with significant health care and agricultural segments. The city is home to the TimkenSteel Corporation, a major manufacturer of specialty steel. Several other large companies operate in the greater-Canton area, including Timken Company a maker of tapered roller bearings; Belden Brick Company, a brick and masonry producer; Diebold, a maker of ATMs, electronic voting devices, and bank vaults, and Medline Industries, a manufacturer and distributor of health care supplies. The area is also home to several regional food producers, including Nickles Bakery (baked goods), Case Farms (poultry), and Shearer's Foods (snack foods). Poultry production and dairy farming are also important segments of the Canton area's economy.

In recent years, Canton has experienced a very low unemployment rate. The healthcare sector is particularly strong, with Aultman Hospital and Mercy Medical Center among its largest employers. Nevertheless, as in many industrial areas of the United States, employment in the manufacturing sector is in a state of decline. LTV Steel (formerly Republic Steel) suffered bankruptcy in 2000. Republic Steel emerged and continues to maintain operations in Canton. Hoover Company, a major employer for decades in the region reached an agreement to sell Hoover to Hong Kong, China-based Techtronic Industries. The main plant in nearby North Canton closed its doors in September 2007. On June 30, 2014, the Timken Company and TimkenSteel split, forming two separate companies at the urging of shareholders. The Timken Company relocated to neighboring Jackson Township, while TimkenSteel remains headquartered in Canton. In response to this changing manufacturing landscape, the city is undergoing a transition to a retail and service-based economy.

Beginning in the 1970s, Canton, like many mid-size American cities, lost most of its downtown retail business to the suburbs. The majority of the Canton area's "box store" retail is located in the general vicinity of the Belden Village Mall in Jackson Township. However, in recent years, the downtown area has seen significant rejuvenation, with cafes, restaurants, and the establishment of an arts district. A few retail centers remain in Canton at or near the city limits. Tuscarawas Street (Lincoln Way), a leg of the Lincoln Highway connecting Canton with nearby Massillon, is home to the Canton Centre Mall and several retail outlets of varying size. A vein of commerce runs along Whipple Avenue, connecting the Canton Centre area with the Belden Village area. A similar vein runs north from the downtown area, along Cleveland and Market avenues. Connecting Cleveland and Market avenues is a small shopping district on 30th Street NW, and retail lines the Route 62 corridor leading from Canton to Louisville and Alliance.

In recent years, Canton has come to experience a renaissance. At the heart of this transformation is the Pro Football Hall of Fame, with its multimillion-dollar "Hall of Fame Village" expansion project. This project has been complemented with significant investments by city leaders in urban redevelopment, which continued with the transformation of the Hotel Onesto into the Historic Onesto Lofts. Other urban renewal plans are underway, which include the redevelopment of the downtown Market Square area. Private investment has furthered Canton's transformation, which is illustrated by the multimillion-dollar creation of the Gervasi Vineyard, which draws patrons throughout the region. In furtherance of these development initiatives, Canton was one of the first cities in Ohio to create a "designated outdoor refreshment area" legalizing the possession and consumption of "open container" alchohlic beverages in its downtown area.

Principal employers

According to Canton's 2014 Comprehensive Annual Financial Report, the top employers in the city are:

# Employer # of Employees
1 Aultman Hospital 3,827
2 Canton City School District 2,642
3 Mercy Medical Center 2,618
4 Timken 2,506
5 Stark County 1,953
6 Fresh Mark 1,176
7 City of Canton 1,141
8 Republic Steel 1,042
9 Nationwide 745
10 Republic Storage Systems Closed

 

*Data provided by Bankrate.com - Real Estate and Wikipedia - Canton - Ohio