New Canaan Connecticut Home Values Surge June 2025 Market Update

Is Now the Right Time to Sell in New Canaan?

If you're a homeowner in New Canaan, the numbers from June 2025 should grab your attention.

The median sale price for single-family homes surged to $2,550,000 — an 8% increase year-over-year. Buyers continue to pay a premium, as homes sold for 106.7% of list price on average. That’s not just full asking — that’s bidding wars.

Even more striking: homes are flying off the market in just 21 days, a 28% faster pace than last year. Fewer homes are available — with only 24 closings in June (a 25% decline in sales volume), indicating that demand is exceeding supply.

Why This Market Favors Sellers

• Price Premiums: Multiple homes sold well above asking — like a property on Richmond Hill Road that closed for $375,000 more than list price.
• Fast Sales: Properties under $2 million are moving in under 10 days. Even estates priced over $3 million are seeing strong traction with qualified buyers.
• High Demand, Low Inventory: Fewer homes for sale means serious buyers are competing hard — an ideal environment for homeowners considering a move.

What This Means for You

If you're wondering what your home might be worth in today’s market, you could be surprised. Whether you're considering downsizing, relocating, or just exploring your options, there’s never been a better time to evaluate your home's position in the market.

Next Steps

As a Realtor & Licensed Real Estate Salesperson , I specialize in discreet, data-driven strategies to help homeowners like you sell for top dollar — on your terms.

Curious about your home’s current value? Let’s have a private conversation. You may be sitting on more equity than you think.

Call 475-245-4205 for a free market consultation.