Is Canaan, NY 12029 a buyer’s or seller’s market?

The Canaan housing market right now

In the three months ending August 31, 2026, 17% of homes in Canaan, NY 12029 sold above their list price, the typical home went under contract in 129 days and there were 8.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 6 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 20%, homes sold more slowly (62 days then) and the median sale price fell 29% to $522,274. Overall, Canaan is less competitive than a year ago, which gives buyers more room.

Within Columbia County, homes here sell more slowly than in 91% of the county’s ZIP codes, and sell less often over asking than in 65%.

Nearby, buyers who want less competition could look at Ancramdale 12503 (0% sold over asking) or Ancram 12502 (0% sold over asking), while Stottville 12172 (100% sold over asking) and Copake Falls 12517 (100% sold over asking) are even more competitive.