Photo: Daniel Case · CC BY-SA 3.032 homes sold in Canaan in the last year, at a typical $669K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Canaan homes are listed.
Every place Canaan homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Canaan.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Canaan’s sales, at a typical $669K
32 homes sold in the year to January 2026.
typical sale · 32 sold in 12 months
- Per square foot
- $329NY $330
- Days to sell
- 94
- Sold over asking
- 25%
- Listings with a price cut
- 23%
About as many homes sell as usual, at 2.2 times the 2016 price
32 sales in the last year, against 56 in 2020 and a low of 23 in 2024. The typical sale went from $311K in 2016 to $669K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $650K buys in Canaan
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.
Bidding wars in Canaan are more common than before the pandemic, but 56% fewer homes come up for sale
We read every month of Canaan’s home sales since 2015 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to January 2026, 32 sales.
If you’re buying in Canaan
- Shop in May. It brings about 8 new listings a month, close to the busiest month, with fewer bidding wars (14% over asking).
- You can negotiate. 24% of listings have cut their price, against 3% before the pandemic.
- Offer under asking. Buyers paid 97.4% of the list price on average; 25% paid over.
- You’ll usually have time. Only 12% of homes go under contract within two weeks; the typical one takes 94 days.
Spring brings both the most homes and the most bidding wars
May has the most new listings (about 8 a month), but March is the most competitive: 35% of March sales close over asking. November has the least competition (13%) but only about 2 new listings.
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than New York
| Canaan now | 2017–19 | 2021 peak | NY now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 25% | 11% | 36% | 41% |
| Gone within two weeksShare of homes under contract within 14 days | 12% | 0% | 2% | 26% |
| Listings with a price cutShare of homes for sale that cut their price | 24% | 3% | 20% | 20% |
| Price paid vs. askingAverage sale price ÷ list price | 97.4% | 95.2% | 100.4% | 101.1% |
| Days to sellMedian days from listing to contract | 94 | 288 | 204 | 39 |
16 homes for sale on a typical day
That’s 1.6 times the 2023 low (9), 56% fewer than in 2017–19 and well under 2015’s 54.
1 in 4 listings has cut its price
24% in the last year, against 3% in 2017–19 and 20% across New York. More sellers are pricing high and coming down.
Source: Redfin Data Center, city market tracker, January 2015 to January 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Canaan home costs about $4,320 a month
Price: Canaan’s typical sale, last 12 months. Property tax at Canaan’s 1.5% (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.
Six things worth knowing
New listings in May
The month with the most choice. October has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $669K home, about $9,950 a year.
Taxes vs. neighborsSchools
The schools grade for Canaan, from test results, graduation and how much students grow.
Schools in CanaanCheck 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 hazardsLook 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.
New Lebanon, Chatham, Pittsfield and Stephentown sell for less a square foot; Niverville for far more
The busier markets within 25 miles of Canaan, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Pittsfield | 497 | $302K | $203 | 34% | 37 |
| Canaan | 32 | $669K | $329 | 25% | 94 |
| Austerlitz | 27 | $936K | $390 | 11% | 154 |
| Stephentown | 25 | $290K | $173 | 32% | 71 |
| New Lebanon | 23 | $644K | $293 | 22% | 62 |
| Chatham | 21 | $473K | $228 | 19% | 99 |
| Niverville | 21 | $431K | $2,372 | 14% | 80 |
Redfin Data Center, February 2025 to January 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
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, NY?
32 homes sold in the year to January 2026 at a typical $669K, $329 a square foot.
Is Canaan a buyer’s or seller’s market?
A balanced market: 12 homes were for sale in January 2026 and 2 sold, about 6 months of supply. Buyers paid 97.4% of asking on average, and 24% of listings cut their price.
When is the best time to buy in Canaan?
May brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Canaan?
About 1.5% of a home’s value a year. On a $669K home that’s near $9,950.
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).