New - 2 days on Rocket
$10,000 Closing Credit¹
#24078846, Melissa Rwambuya, Listing Office: William Raveis Real Estate
New Canaan Housing Market Report February 2025•Fairfield County, Connecticut
Housing Prices in New Canaan, CT
How much do homes in New Canaan, CT cost?
Housing Market Conditions
Is New Canaan, CT a buyer’s or seller’s market?
Seller'sMarket
Buyer'sMarket
New Canaan is a Buyer's Market
Difference Since February 2024
Since last year, New Canaan has remained a Buyer's Market.
Insight
New Canaan is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Median Sold Price
$1,891,666$530/SqFt
+$109,166
+6.1%
Based on all homes sold in the last 12 months
Insight
Homes in New Canaan have sold for 6.1% more than they did a year ago.
Summary: The median home sold price in New Canaan was $1,891,666 in February 2025, up 6.1% from last year, and the median price per square foot was $530.
Median Sold Price By Bedrooms
| Beds | Feb 2024 | Feb 2025 | Change YoY |
|---|---|---|---|
| 11 Bedroom | $333.8K | $415K | +24.3% |
| 22 Bedrooms | $715K | $1.1M | +58.0% |
| 33 Bedrooms | $1.1M | $1.2M | +7.4% |
| 44 Bedrooms | $1.7M | $1.7M | 0.1% |
| 55+ Bedrooms | $2.6M | $2.8M | +7.0% |
Summary: New Canaan housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes increased by +24.3%. The home price for 2 bedroom homes increased by +58.0%. The home price for 3 bedroom homes increased by +7.4%. The home price for 4 bedroom homes increased by 0.1%. The home price for 5 bedroom homes increased by +7.0%.
Housing supply in New Canaan, CT
How many homes are available in New Canaan, CT?
Number of Homes For Sale
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 69Last MonthFeb 2025 | ||
| 872 months agoJan 2025 | -20.7 % Change MoMJan – Feb |
Summary: The New Canaan real estate market had 69 homes for sale in Feb 2025, a 20.7 % decrease compared to Jan 2025.
Number of Homes Sold
| Last Month | 2 months ago | Change MoM |
|---|---|---|
| 8Last MonthFeb 2025 | ||
| 232 months agoJan 2025 | -65.2 % Change MoMJan – Feb |
Homes For Sale By Bedroom Count
| Beds | Jan 2025 | Feb 2025 | Change MoM |
|---|---|---|---|
| 11 Bedroom | 0 | 0 | 0.0% |
| 22 Bedrooms | 8 | 5 | -37.5% |
| 33 Bedrooms | 18 | 12 | -33.3% |
| 44 Bedrooms | 15 | 12 | -20.0% |
| 55+ Bedrooms | 46 | 40 | -13.0% |
Summary: New Canaan housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -37.5%. The inventory for 3 bedroom homes decreased by -33.3%. The inventory for 4 bedroom homes decreased by -20.0%. The inventory for 5 bedroom homes decreased by -13.0%.
Asking Price vs. Sold Price
How much do homes in New Canaan, CT cost?
Over Asking Price3 Homes
At Asking Price1 Home
Under Asking Price4 Homes
Insight
If you're buying a home in New Canaan, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in New Canaan in February 2025, down by 65.2% month-over-month. Of the 8 sold homes, 50% were sold under asking, 13% were sold at asking, and and 38% 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.
Home sale times aren’t available for this area.
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Newest Listings in New Canaan, CT
What homes are available in New Canaan, CT?
New - 3 days on Rocket
#24071975, Leslie Razook, Listing Office: William Pitt Sotheby's Int'l
New - 5 days on Rocket
#24077853, Daniel McCamblau, Listing Office: Coldwell Banker Realty
New - 5 days on Rocket
#24059548, Paola Carey, Listing Office: Houlihan Lawrence
#24076157, Jaime Sneddon, Listing Office: William Pitt Sotheby's Int'l
$10,000 Closing Credit¹
#24076549, Jennifer Leahy, Listing Office: Compass Connecticut, LLC
#24076078, Michele Murray Sloan, Listing Office: Houlihan Lawrence
$9,203 Closing Credit¹
#24070710, Robyn Bonder, Listing Office: Douglas Elliman of Connecticut
Video tour
$10,000 Closing Credit¹
#170616168, Hannelore Kaplan, Listing Office: William Raveis Real Estate
Backup offers
#24067314, Taylor Tait, Listing Office: Houlihan Lawrence
$10,000 Closing Credit¹
#24074592, Michael Spindler, Listing Office: RE/MAX Right Choice
$10,000 Closing Credit¹
#24073960, Michele Murray Sloan, Listing Office: Houlihan Lawrence
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MLS Disclaimers and Copyright
Based on information from SmartMLS, and OneKey MLS for the period 03/01/2023 - 03/01/2025
Copyright © 2025 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/7/2025, 10:20:54 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listings courtesy of OneKey MLS as distributed by MLS GRID.All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 3/7/2025, 10:11:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.