$9,263 Closing Credit*
$780,000
972 SqFt
3 Beds
•1 Full Bath
Seema Dohil, Listing Office: Brown Harris Stevens
Is New Canaan, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, New Canaan has remained a Seller's Market.
Key Takeaway
New Canaan is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in New Canaan, CT
How much do homes in New Canaan, CT cost?
Median Sold Price
$1,985,000
$496/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$285,000(+16.8%)
Key Takeaway
Homes in New Canaan have sold for 16.8% more than they did a year ago.
Summary: The median home sold price in New Canaan was $1,985,000 in October 2024, up 16.8% from last year, and the median price per square foot was $496.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $317.5K | $390K | +22.8% |
| 2 Bedrooms | $930.5K | $987.5K | +6.1% |
| 3 Bedrooms | $1.1M | $1.2M | +8.3% |
| 4 Bedrooms | $1.7M | $1.7M | +3.7% |
| 5+ Bedrooms | $2.7M | $2.8M | +3.3% |
Summary: New Canaan housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 22.8%, 2 bedroom homes increased by 6.1%, 3 bedroom homes increased by 8.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 3.3%.
Housing Supply in New Canaan, CT
How many homes are available in New Canaan, CT?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 116 | 128 | +10.3% |
Summary: The New Canaan real estate market had 128 homes for sale in October 2024, a 10.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 9 | 13 | +44.4% |
| 3 Bedrooms | 20 | 25 | +25.0% |
| 4 Bedrooms | 27 | 22 | -18.5% |
| 5+ Bedrooms | 58 | 65 | +12.1% |
Summary: The New Canaan housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 44.4%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 18.5%, and 5+ bedroom homes increased by 12.1%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 26 | +225.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Canaan, you may be able to get a good deal. 46.2% of homes here sold below asking price last month.
Summary: A total of 26 homes were sold or pending in New Canaan in October 2024, up by 225.0% month-over-month. Of the 26 sold homes, 46% were sold under asking, 8% were sold at asking, and 46% were sold over asking.
Days on Market for New Canaan, CT
We’re sorry, we don't have information for this market at the moment
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