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CANAAN, ME 04924

Real Estate Market Report  ·  Somerset County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
6
⇧ 200% vs 2 last year
Pending
2
33% pending ratio
Median Price
$370,000
⇩ 24.5% vs $489,900 last year
Average Price
$466,633
⇩ 4.7% vs $489,900 last year
Days on Market
87
⇩ 26.3% vs 118 days last year

Market Context

Population: 2,191  ·  Density: 20.6/mi²  ·  Median household income: $54,406

Typical home value: $136,068  ·  Homeownership: 79.8%

Market Analysis

Data as of January 2026. Source: Realtor.com.

The CANAAN, ME real estate market (04924) currently shows 6 active listings, with 2 pending sales. Homes are averaging 87 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 87 days on market compared to 118 days last year.

The median listing price has fallen 24.5% year-over-year, from $489,900 to $370,000.

Whether you are buying or selling in CANAAN, ME, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 2 last year
  • Days on market: 87 now vs 118 last year

Median & Average Pricing

Year over Year
  • Median: $370,000 (-24.5% YoY)
  • Average: $466,633 (-4.7% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.2 miles — 117 listings ($40,718,188 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
04924Canaan, ME 049240.0 mi6$2,799,798$370,000$466,633
04976Skowhegan, ME 049766.0 mi27$8,929,872$314,950$330,736
04927Clinton, ME 049277.6 mi8$2,463,200$339,000$307,900
04922Burnham, ME 0492210.4 mi5$1,346,250$281,500$269,250
04929Detroit, ME 0492911.8 mi3$825,000$275,000$275,000
04950Madison, ME 0495013.1 mi23$5,120,237$225,000$222,619
04957Norridgewock, ME 0495715.5 mi8$2,995,600$269,900$374,450
04988Unity, ME 0498815.7 mi5$1,884,690$374,375$376,938
04978Smithfield, ME 0497816.2 mi3$888,399$290,000$296,133
04953Newport, ME 0495316.5 mi11$9,077,970$362,450$825,270
04928Corinna, ME 0492818.5 mi6$1,210,800$220,000$201,800
04910Albion, ME 0491018.9 mi4$1,264,668$278,500$316,167
04911Anson, ME 0491120.2 mi8$1,911,704$199,900$238,963

Frequently Asked Questions

How many homes are for sale in CANAAN, ME 04924?

As of January 2026, there are 6 active listings in CANAAN, ME (zip code 04924), compared to 2 the prior year.

What is the median home price in CANAAN, ME 04924?

The median listing price in CANAAN, ME 04924 is $370,000 as of January 2026, a 24.5% decrease from $489,900 the prior year.

How long do homes stay on the market in CANAAN, ME?

Homes in CANAAN, ME 04924 spend an average of 87 days on the market before going under contract, compared to 118 days the prior year.

Is it a seller's or buyer's market in CANAAN, ME 04924?

Based on current inventory and days-on-market data as of January 2026, CANAAN, ME 04924 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 87 days on market compared to 118 days last year.

How much can I save on real estate commission in CANAAN, ME?

With SELL123.com's maximum 3% commission, sellers in CANAAN, ME 04924 save an estimated $7,400 compared to a typical 5% commission on the median listing price of $370,000. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.