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Featured local agent — Canaan, CT
Sarah Mitchell
Compass Real Estate · Canaan, CT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Canaan, CT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$402,500median sale price
How is the Canaan, CT housing market right now?
The median home sale price in Canaan, CT is $402,500, up 6.9% year-over-year. Homes sell in an average of 160 days with 3 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Canaan a buyer's or seller's market?
Canaan, CT is currently a seller's market, based on 1.5 months of supply and homes selling in about 160 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
160
Average pace
Active listings
3
1.5 months supply
Sale-to-list
97.7%
Below asking
What does the Canaan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $402,500 |
| Median list price | $198,500 |
| Year-over-year price change | +6.9% |
| Average days on market | 160 days |
| Active inventory | 3 listings |
| Months of supply | 1.5 months |
| Sale-to-list price ratio | 97.7% |
| Median price per sq ft | $187/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Canaan by property type?
How the Canaan, CT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $402,500 | $187/sq ft | 2 | 160 days |
| Condo / Co-op | $190,000 | $197/sq ft | 1 | 105 days |
Source: Redfin · Updated monthly
The Canaan housing market is currently classified as a seller's market with a median sale price of $402,500. Prices have risen 6.9% compared to last year, with homes spending an average of 160 days on market, indicating 1.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 12.3x provides context for how home values compare to local earning capacity.
Market trends
Homes for sale in Canaan
There are currently 3 homes listed for sale in Canaan, Connecticut. The median listing price is $199K.
Active listings
3
Homes on market
Median list price
$199K
Avg. days on market
160
Days until sale
New this week
1
Newly listed
Who lives in Canaan?
Population
1,297
Median income
$31,986/yr
Median age
39.6 years
Owner-occupied
60.6%
College grads
23.0%
Avg commute
17.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Canaan?
Zillow home value
$393,596
Price-to-income
12.3x
Source: Zillow Research
What is it like to live in Canaan?
Canaan is a community of approximately 1K residents with a median age of 39.6 years.The median household income is $31,986, which represents a working-class community with solid middle-income opportunities. 23.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 60.6%, showing a blend of owner and renter-occupied properties. The average commute time is 17.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Canaan offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Canaan, CT?
Want a head-to-head view? Compare Canaan side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Canaan?
The median home sale price in Canaan is $402,500, up 6.9% from last year.
How long do homes stay on market in Canaan?
Homes typically spend 160 days on market before going under contract.
What is the median income in Canaan?
The median household income is $31,986 per year.
Is Canaan a buyer's or seller's market?
With 1.5 months of supply, Canaan is currently a seller's market.
What is the Zillow home value estimate for Canaan?
The Zillow Home Value Index (ZHVI) for Canaan is $393,596, representing the typical home value in the area.
What is the median condo price in Canaan?
The median condo/co-op sale price in Canaan, CT is $190,000, compared to $402,500 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Canaan?
The median single-family home price in Canaan, CT is $402,500 (about $187 per square foot).
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