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Is East Canaan, CT 06024 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

East Canaan is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list94.7%Sold price ÷ list price
Median days on market241Listing to accepted offer
Median price per sq ft$136▼ −50.2% vs. last year

The East Canaan housing market right now

In the three months ending August 31, 2026, 0% of homes in East Canaan, CT 06024 sold above their list price, the typical home went under contract in 241 days and there were 12.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (39 days then) and the median sale price rose 27% to $354,846. Overall, East Canaan is less competitive than a year ago, which gives buyers more room.

Within Litchfield County, homes here sell more slowly than in 97% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Northfield 06778 (100% sold over asking) and Oakville 06779 (78% sold over asking) are even more competitive.

Run the numbers for 06024

Prefilled for 06024Can I win this house?Multiple-offer likelihood for a listing Prefilled for 06024Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bantam 06750Buyer’s market $320 /sq ftBarkhamsted 06063Seller’s market $231 /sq ftBethlehem 06751Seller’s market $249 /sq ftBridgewater 06752Seller’s market $335 /sq ft Browse all markets →

Where East Canaan is

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Questions about East Canaan real estate

Is East Canaan a buyer’s or seller’s market?

A buyer’s market: there were 12.8 months of supply in East Canaan, CT 06024 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in East Canaan?

The typical home went under contract in 241 days in the latest three months.

Do homes in East Canaan sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 94.7% of the list price.

What is the median home price in East Canaan?

The median sale price was $354,846 in the three months ending August 31, 2026, about $136 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology