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Discover key real estate trends in New Canaan, CT for May 2025. Median home prices up 48%, homes selling 5% over asking. Expert insight from Coldwell Banker Global Luxury

New Canaan CT Real Estate Market Report May 2025

June 7, 2025

The New Canaan real estate market continued its strong performance in May 2025, with notable shifts that homeowners and potential sellers should be aware of.

Key Highlights:

Median Sale Price: $3,000,000 (+48% YoY)
Number of Closed Sales: 16 (-11% YoY)
Sale-to-List Price Ratio: 105.0% (+2%)
Average Days on Market: 81 (+27%)

Despite a slight dip in the number of closed sales, home values in New Canaan surged, with the median price climbing to $3 million—up nearly 50% year-over-year. Properties are commanding more than their asking prices, confirming the strength of buyer demand in the luxury segment.

However, homes are taking longer to sell, highlighting the need for professional pricing, positioning, and negotiation strategies.

If you're a homeowner considering selling, this is a rare opportunity to capitalize on record-breaking valuations.

Call today (475) 245-4205 Eric Radecki

Register free home valuation ColdwellBankerLuxuryHome.com

Eric Radecki is a Licensed Real Estate Salesperson in Connecticut and New York affiliated with Coldwell Banker Realty LLC

Coldwell Banker 170 Main Street New Canaan, CT 06840

Data provided by SmartMLS

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