Is Canaan, VT 05903 a buyer’s or seller’s market?

The Canaan housing market right now

In the three months ending August 31, 2026, 13% of homes in Canaan, VT 05903 sold above their list price, the typical home went under contract in 104 days and there were 6.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 8 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold more slowly (65 days then) and the median sale price fell 17% to $292,373. Overall, Canaan is less competitive than a year ago, which gives buyers more room.

Within Essex County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell less often over asking than in 57%.

Nearby, buyers who want less competition could look at Beecher Falls 05902 (0% sold over asking) or North Concord 05858 (0% sold over asking), while Averill 05901 (100% sold over asking) and Gilman 05904 (100% sold over asking) are even more competitive.