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Housing in Canaan

19 homes sold in Canaan in the last year, at a typical $376K

Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, and a shortcut to every site where Canaan homes are listed.

Homes sold
19
May 2025 to April 2026
Typical sale price
$376K
median, weighted by sales
Price per square foot
$205
Connecticut $262
Paid vs. asking
96.9%
26% sold over asking
For sale now
3
April 2026 · 2 sold that month
What sold · last 12 months

Houses are 95% of Canaan’s sales, at a typical $386K

19 homes sold in the year to April 2026.

Houses$386K

typical sale · 18 sold in 12 months

Per square foot
$206CT $272
Days to sell
91
Sold over asking
28%
Listings with a price cut
31%
Fewer sales

Condos: 1 sold, typical $190K

Too few sales in 12 months for reliable figures.

8 years of sales

Fewer homes sell than a decade ago, at 2.8 times the 2016 price

19 sales in the last year, against 29 in 2014 and a low of 20 in 2013. The typical sale went from $133K in 2016 to $376K.

Homes soldTypical sale price
012253750$175K$250K$325K$400K2013: 20 sold, typical $154K’132014: 29 sold, typical $153K2016: 21 sold, typical $133K’162017: 20 sold, typical $151K2019: 27 sold, typical $136K’192020: 21 sold, typical $195K2021: 26 sold, typical $268K’212022: 21 sold, typical $266KLast 12 months: 19 sold, typical $376KNow

Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.

What your budget buys

What $400K buys in Canaan

Houseat $206 a sq ft
The same money in Connecticutat $272 a sq ft

Is this asking price fair?

Check a listing against what Canaan homes sold for

Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.

Rent or buy?

Owning the typical Canaan home costs about $2,384 a month

Mortgage
Property tax
Insurance
Rent

Price: Canaan’s typical sale, last 12 months. Property tax at Canaan’s 1.4% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Canaan is affordable on local pay is on Cost of living.

Before you buy in Canaan

Five things worth knowing

1.4%

Property tax, a year

Of a home’s value: the median bill over the median home value. On a $376K home, about $5,070 a year.

Taxes vs. neighbors
B−

Schools

The schools grade for Canaan, from test results, graduation and how much students grow.

Schools in Canaan
17 min

Typical commute

The average one-way trip to work for people who live in Canaan.

Work & commute
Flood

Check the flood map

Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.

Natural hazards
Records

Look up any property

Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.

Selling, or renting out?

Post your home to Canaan, free

Selling it yourself, renting out an apartment or looking for a roommate? Post it to Canaan. People who follow the town see it, and so do people comparing Canaan with their own town. No commission, no listing fee.

Questions about buying a home in Canaan

What do homes sell for in Canaan, CT?

19 homes sold in the year to April 2026 at a typical $376K, $205 a square foot.

Is Canaan a buyer’s or seller’s market?

A seller’s market: 3 homes were for sale in April 2026 and 2 sold, about 1.5 months of supply. Buyers paid 96.9% of asking on average, and 30% of listings cut their price.

How much are property taxes in Canaan?

About 1.4% of a home’s value a year. On a $376K home that’s near $5,070.

Where can I see homes for sale in Canaan?

Zillow, Redfin, Realtor.com and Homes.com all carry Canaan’s MLS listings; the search links above open each one filtered to Canaan.

Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).