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New Canaan Market Report · Through September 2026

New Canaan Real Estate Market Report: 58% Sold Over Asking as Inventory Falls 20%

Through September 30, 167 single-family homes closed in New Canaan at an average of 104.7% of their original asking price. Here is every number behind that — year to date, September, month by month, by price bracket, and for condos.

By Charlie Vinci, New Canaan Realtor  ·  Updated October 8, 2026

Year to Date · Single-Family

January Through September, Three Years Side by Side

Closed sales January 1 – September 30, 2024, 2025 and 2026

167 single-family homes closed in New Canaan in the first nine months of 2026, compared with 163 over the same months of 2025. 58% sold for more than their original asking price, versus 52% a year earlier.

167
Homes Sold
58%
Sold Over Asking
104.7%
Avg. % of List Price
47
For Sale Sep 30

% Sold Over Asking · Jan–Sep, by Year

2024
   
48%
2025
   
52%
2026
 
58%

Average Sale Price · Jan–Sep, by Year

2024
   
$2.48M
2025
   
$2.96M
2026
 
$3.16M
Single-Family · Year to Date Jan–Sep 2024 Jan–Sep 2025 Jan–Sep 2026
Closed Sales 156 163 167
Average Sale Price $2,481,422 $2,956,315 $3,160,180
Total Dollar Volume $387.10M $481.88M $527.75M
Average % of List Price 100.6% 102.8% 104.7%
% Sold Over Asking 48% 52% 58%
Average Days on Market 61 46 49
Average Price / SqFt $512 $587 $632
New Listings 229 222 214
New Pending Sales 166 166 156
For Sale on Sep 30 70 59 47

“Asking” means the original list price. Year-to-date figures are averages because medians are reported month by month — see September and the month-by-month tables for medians. Days on market is the MLS figure.

The Latest Month · Single-Family

September 2026 vs. the Last Two Septembers

Closed sales in September of each year

Median Sale Price · September, by Year

2024
   
$1.60M
2025
 
$2.59M
2026
   
$2.30M
New Canaan · Single-Family Sep 2024 Sep 2025 Sep 2026
Closed Sales 5 12 14
Median Sale Price $1,600,007 $2,587,500 $2,297,500
Average Sale Price $2,038,001 $3,037,900 $2,610,721
Median % of List Price 105% 101% 100%
Median Days on Market 39 22 20
Median Price / SqFt $360 $600 $604
% Sold Over Asking 60% 67% 36%
September Supply & Demand Sep 2024 Sep 2025 Sep 2026
New Listings 23 24 30
New Pending Sales 19 16 9
For Sale on Sep 30 70 59 47
Months of Supply 3.7 3.7 5.2

One month is a small sample in New Canaan — read September alongside the year-to-date figures above. Months of supply = homes for sale on the last day of the month ÷ that month’s new pending sales.

Month by Month · Single-Family

The Last Twelve Months

October 2025 through September 2026

Closed Sales by Month

Oct
   
21
Nov
   
11
Dec
   
20
Jan
   
9
Feb
   
4
Mar
   
17
Apr
   
24
May
   
12
Jun
   
28
Jul
   
25
Aug
 
34
Sep
   
14
Activity Sold New Listings New Pending For Sale
Oct 2025 21 16 22 47
Nov 2025 11 13 17 36
Dec 2025 20 1 5 28
Jan 2026 9 19 6 36
Feb 2026 4 16 12 37
Mar 2026 17 13 23 25
Apr 2026 24 42 26 40
May 2026 12 32 22 47
Jun 2026 28 32 29 44
Jul 2026 25 24 20 41
Aug 2026 34 6 9 32
Sep 2026 14 30 9 47
Prices Median Price % of List Median Days
Oct 2025 $2.55M 100.0% 37
Nov 2025 $2.70M 100.2% 62
Dec 2025 $3.10M 102.2% 23
Jan 2026 $3.20M 96.3% 55
Feb 2026 $4.30M 97.2% 112
Mar 2026 $2.68M 100.0% 34
Apr 2026 $3.27M 99.5% 30
May 2026 $2.85M 97.5% 37
Jun 2026 $2.79M 108.6% 11
Jul 2026 $2.60M 105.0% 13
Aug 2026 $3.16M 105.9% 15
Sep 2026 $2.30M 100.0% 20

“For Sale” = homes on the market on the last day of the month. “% of List” = median sale price as a share of the original asking price.

Price Brackets · Single-Family

Where the Activity Is

January–September 2026, by price bracket

Homes Sold by Price Bracket · Jan–Sep 2026

$500K–$1M
   
2
$1M–$2M
   
32
$2M–$3M
 
57
$3M–$4M
   
38
$4M–$5M
   
20
$5M–$10M
   
18
$10M+
 
0
By Price Bracket · Sales Sold 2025 Sold 2026 % Over Asking Avg. Days
$500K–$1M 4 2 50% 163
$1M–$2M 44 32 69% 28
$2M–$3M 55 57 58% 36
$3M–$4M 29 38 66% 43
$4M–$5M 16 20 45% 24
$5M–$10M 15 18 39% 157
$10M+ 0 0 — —
By Price Bracket · Supply Avg. Sale Price For Sale Sep 30 Months of Supply
$500K–$1M $948K 1 9.0
$1M–$2M $1.59M 10 1.9
$2M–$3M $2.47M 12 2.2
$3M–$4M $3.43M 6 2.1
$4M–$5M $4.46M 7 3.1
$5M–$10M $6.37M 10 7.5
$10M+ — 1 —

Sales are bracketed by closing price; homes for sale by asking price. Months of supply here = homes for sale on September 30 ÷ the average monthly pending sales in that bracket so far in 2026. Columns other than “Sold 2025” are January–September 2026.

Condos

New Canaan Condominiums

January–September, three years side by side

46 condos closed in New Canaan through September 2026, compared with 50 over the same months of 2025, with 15 for sale on September 30.

Condos Sold · Jan–Sep, by Year

2024
   
41
2025
 
50
2026
   
46
Condo · Year to Date Jan–Sep 2024 Jan–Sep 2025 Jan–Sep 2026
Closed Sales 41 50 46
Average Sale Price $1,206,013 $1,325,982 $1,505,126
Total Dollar Volume $49.45M $66.30M $69.24M
Average % of List Price 103.0% 101.8% 106.7%
% Sold Over Asking 59% 48% 80%
Average Days on Market 173 87 24
Average Price / SqFt $630 $636 $682
New Listings 56 55 76
New Pending Sales 45 53 54
For Sale on Sep 30 22 7 15

Days on market is the MLS figure; “asking” is the original list price.

Want these numbers for your price point?

The town-wide numbers tell you the trend. What matters for your move is how they play out at your price, on your street, this month. If you’re buying or selling in New Canaan, let’s look at your numbers together.

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