Is Chaska, MN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Chaska is a neutral's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Chaska was a Seller's Market.

Key Takeaway

Chaska is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Chaska, MN

How much do homes in Chaska, MN cost?

Median Sold Price

$435,625

$193/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$19,591(+4.7%)

Key Takeaway

Homes in Chaska have sold for 4.7% more than they did a year ago.

Summary: The median home sold price in Chaska was $435,625 in February 2024, up 4.7% from last year, and the median price per square foot was $193.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $150.7K$160K
+6.1%
2 $272K$280K
+2.9%
3 $339.7K$368K
+8.3%
4 $515K$500K
-2.9%
5+ $615K$667.6K
+8.6%

Summary: Chaska housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 6.1%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 8.3%, 4 bedroom homes decreased by 2.9%, and 5+ bedroom homes increased by 8.6%.

Median Sold Price Compared To Nearby Cities

Chanhassen
+7.9%
Chaska
+4.7%
Victoria
-5.3%
Carver
-8.4%
Jackson Township
-67.4%

Housing Supply in Chaska, MN

How many homes are available in Chaska, MN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
104114+9.6%

Summary: The Chaska real estate market had 114 homes for sale in February 2024, a 9.6% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 22
0.0%
2 1823
+27.8%
3 2432
+33.3%
4 3129
-6.5%
5+ 2928
-3.4%

Summary: The Chaska housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 27.8%, 3 bedroom homes increased by 33.3%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes decreased by 3.4%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2219-13.6%

Asking Price vs. Sold Price

10 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Chaska, you may be able to get a good deal. 52.6% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Chaska in February 2024, down by 13.6% month-over-month. Of the 19 sold homes, 53% were sold under asking, 37% were sold at asking, and 11% were sold over asking.

Days on Market for Chaska, MN

How long does it take to sell a home in Chaska, MN?

Average Sale Time

Feb 2023Feb 2024CHANGE
40 Days24 Days-39.7%

Summary: Homes in Chaska had an average of 24 days on market in Feb 2024, down by 39.7% compared to last year.

Breakdown of Home Sale Times

12 Homes Were Sold
Under 30 Days

7 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Chaska are selling fast, if you're buying plan to act quickly.

Summary: During February 2024, 19 homes were sold in Chaska; 63% of homes were sold within 30 days, 37% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

Newest Listings in Chaska, MN

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