Is Canaan, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Canaan was a Seller's Market.
Key Takeaway
Canaan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Canaan, CT
How much do homes in Canaan, CT cost?
Median Sold Price
$320,000
$196/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Canaan have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Canaan was $320,000 in March 2024, up 3.1% from last year, and the median price per square foot was $196.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $255.1K | $163K | -36.1% |
| 2 Bedrooms | $262.4K | $250.7K | -4.5% |
| 3 Bedrooms | $315K | $394.5K | +25.2% |
| 4 Bedrooms | $255K | $310K | +21.6% |
| 5+ Bedrooms | $805K | $1.1M | +37.6% |
Summary: Canaan housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 36.1%, 2 bedroom homes decreased by 4.5%, 3 bedroom homes increased by 25.2%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 37.6%.
Median Sold Price Compared To Nearby Cities
| Salisbury | $817.5K | $896K | +9.6% |
| Canaan | $310.2K | $320K | +3.1% |
| North Canaan | $280K | $240K | -14.3% |
Housing Supply in Canaan, CT
How many homes are available in Canaan, CT?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 14 | 16 | +14.3% |
Summary: The Canaan real estate market had 16 homes for sale in March 2024, a 14.3% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 4 | 0.0% |
| 3 Bedrooms | 8 | 9 | +12.5% |
| 4 Bedrooms | 2 | 2 | 0.0% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Canaan housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 0 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Canaan, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Canaan in March 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Canaan, CT
We’re sorry, we don't have information for this market at the moment
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