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CANAAN, ME 04924

Real Estate Market Report  ·  Somerset County
Buyer's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The CANAAN, ME real estate market (04924) currently shows 6 active listings, with 1 pending sales. Homes are averaging 132 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 taking longer to sell, averaging 132 days on market compared to 99 days last year.

The median listing price has fallen 26.5% year-over-year, from $489,900 to $359,900.

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 Context

Market Context

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

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

Market Overview

Active Listings
6
⇧ 200% vs 2 last year
Pending
1
17% pending ratio
Median Price
$359,900
⇩ 26.5% vs $489,900 last year
Average Price
$349,960
⇩ 26.2% vs $474,467 last year
Days on Market
132
⇧ 33.3% vs 99 days last year

Price Per Square Foot

Median $/sqft
$266
⇧ 47% vs $181/sqft last year
Median Home Size
1,344 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 6 this year vs 2 last year
  • Days on market: 132 now vs 99 last year

Median & Average Pricing

Year over Year
  • Median: $359,900 (-26.5% YoY)
  • Average: $349,960 (-26.2% 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
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.2 miles — 173 listings ($55,618,640 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
04924Canaan, ME 049240.0 mi7$2,552,375$368,725$364,625
04976Skowhegan, ME 049766.0 mi31$9,457,511$286,725$305,081
04927Clinton, ME 049277.6 mi8$2,337,000$323,000$292,125
04922Burnham, ME 0492210.4 mi4$1,077,332$294,000$269,333
04971Saint Albans, ME 0497113.1 mi7$1,514,051$263,725$216,293
04912Athens, ME 0491214.8 mi5$1,243,625$212,450$248,725
04901Waterville, ME 0490115.6 mi51$14,096,757$262,625$276,407
04987Troy, ME 0498716.1 mi1$249,900$249,900$249,900
04979Solon, ME 0497916.5 mi8$1,840,288$180,000$230,036
04942Harmony, ME 0494218.2 mi8$2,532,800$299,000$316,600
04923Cambridge, ME 0492318.5 mi6$3,261,798$454,450$543,633
04963Oakland, ME 0496319.7 mi21$10,019,667$435,000$477,127
04930Dexter, ME 0493020.2 mi16$5,435,536$302,000$339,721

Frequently Asked Questions

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

As of March 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 $359,900 as of March 2026, a 26.5% 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 132 days on the market before going under contract, compared to 99 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 March 2026, CANAAN, ME 04924 is currently a Buyer's Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 132 days on market compared to 99 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 $7,198 compared to a typical 5% commission on the median listing price of $359,900. 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.