Is Chaska, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Chaska was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $150.7K | $160K | +6.1% |
2 Bedrooms | $272K | $280K | +2.9% |
3 Bedrooms | $339.7K | $368K | +8.3% |
4 Bedrooms | $515K | $500K | -2.9% |
5+ Bedrooms | $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 | $490K | $528.8K | +7.9% |
Chaska | $416K | $435.6K | +4.7% |
Victoria | $620K | $587K | -5.3% |
Carver | $499.9K | $457.7K | -8.4% |
Jackson Township | $474.7K | $155K | -67.4% |
Housing Supply in Chaska, MN
How many homes are available in Chaska, MN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
104 | 114 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 18 | 23 | +27.8% |
3 Bedrooms | 24 | 32 | +33.3% |
4 Bedrooms | 31 | 29 | -6.5% |
5+ Bedrooms | 29 | 28 | -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 2024 | Feb 2024 | CHANGE |
---|---|---|
22 | 19 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
40 Days | 24 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
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.