$7,124 Closing Credit*
$599,900
2,466 SqFt
4 Beds
•1 Full Bath
Listing Office: eXp Realty
Is Chanhassen, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Chanhassen has remained a Seller's Market.
Key Takeaway
Chanhassen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chanhassen, MN
How much do homes in Chanhassen, MN cost?
Median Sold Price
$540,333
$215/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$23,958(+4.6%)
Key Takeaway
Homes in Chanhassen have sold for 4.6% more than they did a year ago.
Summary: The median home sold price in Chanhassen was $540,333 in November 2024, up 4.6% from last year, and the median price per square foot was $215.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $182.7K | $318K | +74.0% |
| 2 Bedrooms | $279.9K | $292.5K | +4.5% |
| 3 Bedrooms | $415K | $448.5K | +8.1% |
| 4 Bedrooms | $607.5K | $573.2K | -5.6% |
| 5+ Bedrooms | $816.7K | $840K | +2.8% |
Summary: Chanhassen housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74%, 2 bedroom homes increased by 4.5%, 3 bedroom homes increased by 8.1%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 2.8%.
Median Sold Price Compared To Nearby Cities
| Chaska | $426.6K | $461K | +8.1% |
| Chanhassen | $516.3K | $540.3K | +4.6% |
| Eden Prairie | $461K | $465K | +0.9% |
| Victoria | $597.5K | $592K | -0.9% |
| Shorewood | $767.5K | $650K | -15.3% |
Housing Supply in Chanhassen, MN
How many homes are available in Chanhassen, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 94 | 93 | -1.1% |
Summary: The Chanhassen real estate market had 93 homes for sale in November 2024, a 1.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 24 | 18 | -25.0% |
| 3 Bedrooms | 21 | 25 | +19.0% |
| 4 Bedrooms | 20 | 17 | -15.0% |
| 5+ Bedrooms | 26 | 29 | +11.5% |
Summary: The Chanhassen housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 25%, 3 bedroom homes increased by 19%, 4 bedroom homes decreased by 15%, and 5+ bedroom homes increased by 11.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 17 | -26.1% |
Asking Price vs. Sold Price
10 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chanhassen, you may be able to get a good deal. 58.8% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Chanhassen in November 2024, down by 26.1% month-over-month. Of the 17 sold homes, 59% were sold under asking, 12% were sold at asking, and 29% were sold over asking.
Days on Market for Chanhassen, MN
How long does it take to sell a home in Chanhassen, MN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 21 Days | 61 Days | +187.6% |
Summary: Homes in Chanhassen had an average of 61 days on market in Nov 2024, up by 187.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chanhassen has remained consistent over time.
Summary: During November 2024, 17 homes were sold in Chanhassen; 35% of homes were sold within 30 days, 47% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
