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Featured local agent — New Canaan, CT
Sarah Mitchell
Compass Real Estate · New Canaan, CT
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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New Canaan, CT Housing Market & Real Estate
Housing market overview · Updated monthly ·
$1.71Mmedian sale price
How is the New Canaan, CT housing market right now?
The median home sale price in New Canaan, CT is $1.71M, up 32.2% year-over-year. Homes sell in an average of 11 days with 22 active listings. The market is currently a seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is New Canaan a buyer's or seller's market?
New Canaan, CT is currently a seller's market, based on 5.5 months of supply and homes selling in about 11 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
11
Fast-moving
Active listings
22
5.5 months supply
Sale-to-list
109.5%
Above asking
What does the New Canaan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $1.71M |
| Median list price | $1.75M |
| Year-over-year price change | +32.2% |
| Average days on market | 11 days |
| Active inventory | 22 listings |
| Months of supply | 5.5 months |
| Sale-to-list price ratio | 109.5% |
| Median price per sq ft | $788/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 14 |
| Listings with a price cut | 9.1% |
| Market condition | Seller's market |
Source: Redfin · Updated monthly
How much do homes cost in New Canaan by property type?
How the New Canaan, CT market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Condo / Co-op | $1.61M | $788/sq ft | 3 | 14 days |
Source: Redfin · Updated monthly
The New Canaan housing market is currently classified as a seller's market with a median sale price of $1.71M. Prices have risen 32.2% compared to last year, with homes spending an average of 11 days on market, indicating 5.5 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 13.7x provides context for how home values compare to local earning capacity.
Homes for sale in New Canaan
There are currently 22 homes listed for sale in New Canaan, Connecticut. The median listing price is $1.7M.
Active listings
22
Homes on market
Median list price
$1.7M
Avg. days on market
11
Days until sale
New this week
14
Newly listed
Who lives in New Canaan?
Population
7,032
Median income
$163,355/yr
Median age
44.6 years
Owner-occupied
64.2%
College grads
76.6%
Avg commute
37.7 min
Source: U.S. Census Bureau ACS
What are homes worth in New Canaan?
Zillow home value
$2.24M
Zillow rent index
$8,997/mo
Price-to-rent ratio
20.8x
Price-to-income
13.7x
Source: Zillow Research
What is it like to live in New Canaan?
New Canaan is a community of approximately 7K residents with a median age of 44.6 years.The median household income is $163,355, which reflects a relatively affluent area with strong earning potential. 76.6% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 64.2%, showing a blend of owner and renter-occupied properties. The average commute time is 37.7 minutes, which suggests a more suburban or rural location for those willing to commute longer distances.Overall, New Canaan offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve New Canaan?
5 schools tracked · 4,094 students
The largest public schools serving New Canaan, CT by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Saxe Middle School
Grades 5-8 · 1,261 students
New Canaan High School
Grades 8-12 · 1,257 students
East School
Grades K-4 · 570 students
South School
Grades K-4 · 507 students
West School
Grades PK-4 · 499 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near New Canaan, CT?
Want a head-to-head view? Compare New Canaan side-by-side with any other U.S. city using our market-comparison tool.
Is New Canaan a good real estate investment market?
For investors evaluating New Canaan, the price-to-rent ratio of 20.8x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 32.2% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on New Canaan's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using New Canaan's median home price.
Frequently asked questions
What is the average home price in New Canaan?
The median home sale price in New Canaan is $1.71M, up 32.2% from last year.
How long do homes stay on market in New Canaan?
Homes typically spend 11 days on market before going under contract.
What is the median income in New Canaan?
The median household income is $163,355 per year.
Is New Canaan a buyer's or seller's market?
With 5.5 months of supply, New Canaan is currently a seller's market.
What is the Zillow home value estimate for New Canaan?
The Zillow Home Value Index (ZHVI) for New Canaan is $2.24M, representing the typical home value in the area.
What is the median condo price in New Canaan?
The median condo/co-op sale price in New Canaan, CT is $1.61M, based on the latest Redfin data.
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