Why Live in North Canaan
North Canaan is a historic neighborhood with roots dating back to the 1700s. The area grew significantly in the mid-1800s due to the Housatonic Railroad and Connecticut Western Railroad, which facilitated travel to New York and New England. The town saw a decline when passenger service ended but has recently rebounded with new residents attracted by its quality of life. Housing options range from historic homes along Lower Road, dating back to the mid-1700s, to Victorian-era residences in the village of Canaan, and newer Cape Cod and ranch-style homes on the outskirts. Lot sizes vary from less than an acre in the village to multi-acre properties elsewhere. North Canaan Elementary School and Housatonic Valley Regional High School are highly rated, with nearby private schools Salisbury School and The Hotchkiss School also receiving top marks. Dining options in Canaan include The Industry Kitchen & Bar, Picante’s, and Blackberry River Bistro, with cafes like Ilse Cafe & Roastery and Cafe Gourmet Bakery & Catering offering morning treats. For shopping, Stop & Shop serves the community, while larger stores are found in Torrington, Lee Premium Outlets, and Westfarms Mall. Recreational activities include youth programs, Bunny McGuire Park, two public golf courses, and nearby hiking trails such as the Appalachian Trail and Campbell Falls State Park Reserve. Annual events like Old Railroad Days and the North Canaan Parade of Lights foster community spirit. The area is safer than the national average, and residents primarily rely on car travel with access to U.S. routes 7 and 44. Local industries include a limestone quarry, dairy farms, and a Becton Dickson manufacturing plant, with Sharon Hospital and Bradley International Airport within driving distance.
Frequently Asked Questions
What is the average home price in North Canaan, CT?
Homes for sale in North Canaan, CT have an average home price of $354,876.
How many homes have sold over the last 12 months in North Canaan, CT?
5 homes have sold in North Canaan, CT over the last 12 months.
What are the most popular zip codes in North Canaan, CT?
How much do you need to make to afford a house in North Canaan?
The median home price in North Canaan is $315,500. If you put a 20% down payment of $63,100 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $1,640 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $70K a year to afford the median home price in North Canaan.
How are the schools in North Canaan, CT?
Home Trends in North Canaan, CT
On average, homes in North Canaan, CT sell after 65 days on the market compared to the national average of 50 days. The median sale price for homes in North Canaan, CT over the last 12 months is $269,500, up 15% from the median home sale price over the previous 12 months.
Median Sale Price
$269,500
Median Single Family Sale Price
$330,000
Average Price Per Sq Ft
$217
Number of Homes for Sale
8
Last 12 months Home Sales
5
Median List Price
$315,500
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
15%