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Featured local agent — Canaan, NY
Sarah Mitchell
Compass Real Estate · Canaan, NY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Canaan, NY Housing Market & Real Estate
Housing market overview · Updated monthly ·
$705,000median sale price
How is the Canaan, NY housing market right now?
The median home sale price in Canaan, NY is $705,000, down 8.7% year-over-year. Homes sell in an average of 55 days with 12 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of January 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, NY is currently a buyer's market, based on 6.0 months of supply and homes selling in about 55 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
55
Average pace
Active listings
12
6.0 months supply
Sale-to-list
99.3%
Below asking
What does the Canaan housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $705,000 |
| Year-over-year price change | -8.7% |
| Average days on market | 55 days |
| Active inventory | 12 listings |
| Months of supply | 6.0 months |
| Sale-to-list price ratio | 99.3% |
| Median price per sq ft | $286/sq ft |
| Homes sold (latest month) | 2 |
| Listings with a price cut | 16.7% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Canaan by property type?
How the Canaan, NY market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $705,000 | $286/sq ft | 2 | 55 days |
Source: Redfin · Updated monthly
The Canaan housing market is currently classified as a buyer's market with a median sale price of $705,000. Prices have fallen 8.7% compared to last year, with homes spending an average of 55 days on market, indicating 6.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
Homes for sale in Canaan
There are currently 12 homes listed for sale in Canaan, New York.
Active listings
12
Homes on market
Avg. days on market
55
Days until sale
What are homes worth in Canaan?
Zillow home value
$540,605
Source: Zillow Research
Which cities are near Canaan, NY?
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 $705,000, down 8.7% from last year.
How long do homes stay on market in Canaan?
Homes typically spend 55 days on market before going under contract.
Is Canaan a buyer's or seller's market?
With 6.0 months of supply, Canaan is currently a buyer's market.
What is the Zillow home value estimate for Canaan?
The Zillow Home Value Index (ZHVI) for Canaan is $540,605, representing the typical home value in the area.
How much does a single-family home cost in Canaan?
The median single-family home price in Canaan, NY is $705,000 (about $286 per square foot).
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