Is Chanhassen, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Chanhassen has remained a Seller's Market.
Housing Prices in Chanhassen, MN
How much do homes in Chanhassen, MN cost?
Median Sold Price
$528,850
$207/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Chanhassen was $528,850 in April 2024, up 5.5% from last year, and the median price per square foot was $207.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $243.8K | $185K | -24.1% |
2 Bedrooms | $280K | $285.1K | +1.8% |
3 Bedrooms | $412.5K | $419.9K | +1.8% |
4 Bedrooms | $580.3K | $622K | +7.2% |
5+ Bedrooms | $792.6K | $843.7K | +6.4% |
Summary: Chanhassen housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 24.1%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 7.2%, and 5+ bedroom homes increased by 6.4%.
Median Sold Price Compared To Nearby Cities
Chanhassen | $501.3K | $528.8K | +5.5% |
Shorewood | $701.5K | $729.6K | +4.0% |
Chaska | $417.5K | $430K | +3.0% |
Eden Prairie | $458.1K | $459.8K | 0.4% |
Victoria | $619.4K | $582.4K | -6.0% |
Housing Supply in Chanhassen, MN
How many homes are available in Chanhassen, MN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
86 | 113 | +31.4% |
Summary: The Chanhassen real estate market had 113 homes for sale in April 2024, a 31.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 2 | 0.0% |
2 Bedrooms | 10 | 14 | +40.0% |
3 Bedrooms | 22 | 32 | +45.5% |
4 Bedrooms | 16 | 20 | +25.0% |
5+ Bedrooms | 36 | 45 | +25.0% |
Summary: The Chanhassen housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 45.5%, 4 bedroom homes increased by 25%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
26 | 22 | -15.4% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 22 homes were sold or pending in Chanhassen in April 2024, down by 15.4% month-over-month. Of the 22 sold homes, 41% were sold under asking, 5% were sold at asking, and 55% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
26 Days | 21 Days | -20.4% |
Summary: Homes in Chanhassen had an average of 21 days on market in Apr 2024, down by 20.4% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 22 homes were sold in Chanhassen; 82% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.