Is New Canaan, CT a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, New Canaan was a Seller's Market.
Housing Prices in New Canaan, CT
How much do homes in New Canaan, CT cost?
Median Sold Price
$1,850,000
$481/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in New Canaan was $1,850,000 in April 2024, up 13% from last year, and the median price per square foot was $481.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $429K | +34.1% |
2 Bedrooms | $806K | $875K | +8.6% |
3 Bedrooms | $1.1M | $1.1M | +1.3% |
4 Bedrooms | $1.6M | $1.7M | +8.8% |
5+ Bedrooms | $2.5M | $2.6M | +6.0% |
Summary: New Canaan housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 34.1%, 2 bedroom homes increased by 8.6%, 3 bedroom homes increased by 1.3%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 6%.
Housing Supply in New Canaan, CT
How many homes are available in New Canaan, CT?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
100 | 107 | +7.0% |
Summary: The New Canaan real estate market had 107 homes for sale in April 2024, a 7.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 7 | 11 | +57.1% |
3 Bedrooms | 18 | 17 | -5.6% |
4 Bedrooms | 19 | 21 | +10.5% |
5+ Bedrooms | 56 | 58 | +3.6% |
Summary: The New Canaan housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes decreased by 5.6%, 4 bedroom homes increased by 10.5%, and 5+ bedroom homes increased by 3.6%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 16 | -11.1% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
8 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in New Canaan in April 2024, down by 11.1% month-over-month. Of the 16 sold homes, 44% were sold under asking, 6% were sold at asking, and 50% 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