Is East Canaan, CT a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing East Canaan is a seller's market

Buyer's
Market

Difference Since Last Month

Since last month, East Canaan has remained a Seller's Market.

Key Takeaway

East Canaan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in East Canaan, CT

How much do homes in East Canaan, CT cost?

Median Sold Price

$330,000

$319/sqft

Based on all homes sold in November 2024.

Difference Since Last Month

+$60,500(+22.4%)

Key Takeaway

Homes in East Canaan have sold for 22.4% more than they did a month ago.

Summary: The median home sold price in East Canaan was $330,000 in November 2024, up 22.4% from last month, and the median price per square foot was $319.

Median Sold Price By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 --
N/A
2 -$330K
N/A
3 $269.5K-
N/A
4 --
N/A
5+ --
N/A

Summary: East Canaan housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Housing Supply in East Canaan, CT

How many homes are available in East Canaan, CT?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
440.0%

Summary: The East Canaan real estate market had 4 homes for sale in November 2024, the same as October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 11
0.0%
3 22
0.0%
4 00
0.0%
5+ 11
0.0%

Summary: The East Canaan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
110.0%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in East Canaan, you could pay more than the asking price. 100% of homes here sold above asking price last month.

Summary: A total of 1 homes were sold or pending in East Canaan in November 2024, the same as the previous month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.

Days on Market for East Canaan, CT

We’re sorry, we don't have information for this market at the moment

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 17 Days Ago

Newest Listings in East Canaan, CT

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