New Canaan Home Sales: Median Price Up 25% in November


The median sales price of a single-family home sold in New Canaan increased 25% year-over-year in November, from $1,915,000 to $2.4 million, according to new data.

The overall number of houses sold declined from 23 to 13 in the same period, according to the data released by the New Canaan Board of Realtors.

“No surprises in the monthly stats,” the organization’s president, Anne-Lise Brown, said in a statement. “The median price is up, days on market are up and unit sales are down.  A seasonal slowdown in a market with little inventory.”

Here’s a snapshot of market activity:

Single-Family Home Sales, November 2022

 Units Sold 
November 2022November 2021
$0 to $999,99921
$1 milion to $1.99 million313
$2 milion to $2.99 million44
$3 million to $5 million45
$5 million+00
Source: New Canaan MLS
*Data only includes homes listed for sale on the NCMLS.

Year-to-date, the median sales price of a New Canaan home is up 11%, from $1,775,000 to $1,975,000, the data show. Single-family homes also are spending about 17% longer on the market, according to the Board’s figures.

Condominium sales are up 7% year-over-year through November, and the median sales price of a condo is up 32%, from $950,000 to $1,250,000, according to the data.

There were a total of 45 New Canaan homes and 31 condos on the market at month’s end, the Board’s figures show.

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