Market Intelligence · CT / New Canaan

New Canaan, CT 06840 Housing Market

The typical home in New Canaan, 06840, is valued at $2,236,682, up 12.1% over the past year. The median list price stands at $2,645,000, with homes spending a median of 56 days on market.

Updated August 2026Median value$2231K

The median home value in New Canaan, CT 06840 is $2.23M as of August 2026, up 13.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 06840 range

$2.05M to $2.41M

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

+13.1% over 12 months

Typical home value in 06840 over the last 12 months: $1.97M in Aug 2025 to $2.23M in Aug 2026 (+13.1%).

Aug 2025$1.97M

Aug 2026$2.23M

The numbers

What is the 06840 housing market like?

Typical home value

$2.23M

Up13.1%YoY

Median list price

$2.65M

Down3.8%MoM

Days on market

56

Up33.3%MoM

Homes for sale

54

Down8.5%MoM

Price cuts

3.0%

Down18.9%MoM

New listings

12

Down62.5%MoM

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

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The comparison

How do 06840 home prices compare?

  • 06840$2,230,925
  • New Canaan$2,230,925
  • Connecticut$446,227
  • United States$288,625

Median Zillow home value (ZHVI), as of August 2026. Comparison levels are medians across every ZIP code with Zillow data (New Canaan: 1 ZIPs; Connecticut: 258 ZIPs; United States: 26,265 ZIPs).

Context

New Canaan's market remains tight at the high end. There are 54 homes for sale, with 12 new listings as of early August 2026. The median days on market of 56 suggests steady buyer interest, though inventory is limited. Only 3.0% of listings have seen a price cut, reflecting the underlying strength in valuations. For a seller, the strong year-over-year appreciation and minimal discounting signal a market that rewards realistic pricing.

Monthly payment

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20% · $446,185

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