$10,000 Closing Credit*
$2,499,000
4,183 SqFt
4 Beds
•3 Full Baths, 1 Partial
Jaime Sneddon, Listing Office: William Pitt Sotheby's Int'l
Is New Canaan, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$1,946,875
$502/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$216,875(+12.5%)
Key Takeaway
Homes in New Canaan have sold for 12.5% more than they did a year ago.
Summary: The median home sold price in New Canaan was $1,946,875 in November 2024, up 12.5% from last year, and the median price per square foot was $502.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $335K | $415K | +23.9% |
| 2 Bedrooms | $901K | $1.0M | +11.0% |
| 3 Bedrooms | $1.1M | $1.2M | +6.7% |
| 4 Bedrooms | $1.7M | $1.7M | +5.7% |
| 5+ Bedrooms | $2.6M | $2.7M | +5.5% |
Summary: New Canaan housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 23.9%, 2 bedroom homes increased by 11%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 5.7%, and 5+ bedroom homes increased by 5.5%.
Housing Supply in New Canaan, CT
How many homes are available in New Canaan, CT?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 122 | 97 | -20.5% |
Summary: The New Canaan real estate market had 97 homes for sale in November 2024, a 20.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 2 | -33.3% |
| 2 Bedrooms | 13 | 10 | -23.1% |
| 3 Bedrooms | 26 | 21 | -19.2% |
| 4 Bedrooms | 20 | 15 | -25.0% |
| 5+ Bedrooms | 60 | 49 | -18.3% |
Summary: The New Canaan housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 23.1%, 3 bedroom homes decreased by 19.2%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 18.3%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 26 | 18 | -30.8% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
8 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in New Canaan, you could pay more than the asking price. 44.4% of homes here sold above asking price last month.
Summary: A total of 18 homes were sold or pending in New Canaan in November 2024, down by 30.8% month-over-month. Of the 18 sold homes, 39% were sold under asking, 17% were sold at asking, and 44% 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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