Market Intelligence · CT / New Canaan

New Canaan, CT 06840 Housing Market

In New Canaan, CT 06840, the typical home value is $2,236,521, up 13.5% over the past year as of September 2026. The median list price stands at $2,722,500, and homes are spending a median of 45 days on market.

Updated September 2026Median value$2237K

The median home value in New Canaan, CT 06840 is $2.24M as of September 2026, up 13.5% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 06840 range

$2.06M to $2.42M

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+13.5% over 12 months

Sep 2025$1.97M

Low $1.97MHigh $2.24M

Sep 2026$2.24M

The numbers

What is the 06840 housing market like?

As of September 2026

Typical home value

$2.24M

13.5%YoY

Median list price

$2.72M

2.9%MoM

Days on market

19.6%MoM

Homes for sale

24.1%MoM

Price cuts

6.5%

114.3%MoM

New listings

150.0%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

06840 housing market forecast 2027

+2.7%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 06840 to rise 2.7% by September 2027.

Over the 12 months through September 2026, typical home values in 06840 rose 13.5%, per the Zillow Home Value Index.

Will home prices drop in 06840?

Zillow's forecast does not call for a drop: it expects typical home values in 06840 to rise 2.7% by September 2027, after a 13.5% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 06840 home prices compare?

06840$2,236,521
New Canaan$2,236,521
Connecticut$444,813
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (New Canaan: 1 ZIP; Connecticut: 258 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 67 homes for sale in New Canaan, CT 06840, with 30 new listings coming to market. The median list price is $2,722,500, and the typical home value is $2,236,521, up 13.5% over the past year. Homes are taking a median of 45 days to sell, and only 6.5% of listings have taken a price cut. Values are rising quickly and few sellers are discounting, which points to firm pricing conditions. A seller with realistic expectations can enter this market from a position of strength.

Monthly payment

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Down payment20% · $447,304

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Common questions

What people ask us.

How much is a home in 06840 worth?

The typical home value in New Canaan, CT 06840 is $2,236,521, up 13.5% over the past year as of September 2026. The median list price among current listings is $2,722,500.

How fast are homes selling in 06840?

Homes in New Canaan, CT 06840 are spending a median of 45 days on market as of September 2026. Only 6.5% of listings have had a price cut, suggesting most sellers are finding buyers near their asking prices.

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Nearby ZIP markets.

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