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Featured local agent — Chanhassen, MN
Sarah Mitchell
Compass Real Estate · Chanhassen, MN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Chanhassen, MN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$600,000median sale price
How is the Chanhassen, MN housing market right now?
The median home sale price in Chanhassen, MN is $600,000, up 47.2% year-over-year. Homes sell in an average of 20 days with 47 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Chanhassen a buyer's or seller's market?
Chanhassen, MN is currently a strong seller's market, based on 1.0 months of supply and homes selling in about 20 days. How we determine this →
Homes sold
47
Last 12 weeks
Days on market
20
Fast-moving
Active listings
47
1.0 months supply
Sale-to-list
101.4%
Above asking
What does the Chanhassen housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $600,000 |
| Median list price | $762,500 |
| Year-over-year price change | +47.2% |
| Average days on market | 20 days |
| Active inventory | 47 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 101.4% |
| Median price per sq ft | $235/sq ft |
| Homes sold (latest month) | 47 |
| New listings (latest month) | 59 |
| Listings with a price cut | 25.5% |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Chanhassen by property type?
How the Chanhassen, MN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $753,000 | $245/sq ft | 30 | 11 days |
| Condo / Co-op | $199,900 | $177/sq ft | 3 | 108 days |
| Townhouse | $326,250 | $199/sq ft | 14 | 31 days |
Source: Redfin · Updated monthly
The Chanhassen housing market is currently classified as a strong seller's market with a median sale price of $600,000. Prices have risen 47.2% compared to last year, with homes spending an average of 20 days on market, indicating 1.0 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.1x provides context for how home values compare to local earning capacity.
Homes for sale in Chanhassen
There are currently 47 homes listed for sale in Chanhassen, Minnesota. The median listing price is $763K.
Active listings
47
Homes on market
Median list price
$763K
Avg. days on market
20
Days until sale
New this week
59
Newly listed
Who lives in Chanhassen?
Population
26,001
Median income
$138,034/yr
Median age
40.9 years
Owner-occupied
84.4%
College grads
64.4%
Avg commute
22.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Chanhassen?
Zillow home value
$569,346
Zillow rent index
$2,110/mo
Price-to-rent ratio
22.5x
Price-to-income
4.1x
Source: Zillow Research
What is it like to live in Chanhassen?
Chanhassen is a community of approximately 26K residents with a median age of 40.9 years.The median household income is $138,034, which reflects a relatively affluent area with strong earning potential. 64.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 84.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 22.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Chanhassen offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Chanhassen?
5 schools tracked · 2,311 students
The largest public schools serving Chanhassen, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
CHANHASSEN HIGH SCHOOL
Grades 9-12 · 1,383 students
BLUFF CREEK ELEMENTARY
Grades K-5 · 479 students
CHANHASSEN ELEMENTARY
Grades K-5 · 431 students
SWMetro Annica Program
Grades 5-12 · 13 students
The Anicca Program
Grades K-12 · 5 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Chanhassen, MN?
Want a head-to-head view? Compare Chanhassen side-by-side with any other U.S. city using our market-comparison tool.
Is Chanhassen a good real estate investment market?
For investors evaluating Chanhassen, the price-to-rent ratio of 22.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 47.2% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Chanhassen's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Chanhassen's median home price.
Frequently asked questions
What is the average home price in Chanhassen?
The median home sale price in Chanhassen is $600,000, up 47.2% from last year.
How long do homes stay on market in Chanhassen?
Homes typically spend 20 days on market before going under contract.
What is the median income in Chanhassen?
The median household income is $138,034 per year.
Is Chanhassen a buyer's or seller's market?
With 1.0 months of supply, Chanhassen is currently a strong seller's market.
What is the Zillow home value estimate for Chanhassen?
The Zillow Home Value Index (ZHVI) for Chanhassen is $569,346, representing the typical home value in the area.
What is the median condo price in Chanhassen?
The median condo/co-op sale price in Chanhassen, MN is $199,900, compared to $753,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Chanhassen?
The median single-family home price in Chanhassen, MN is $753,000 (about $245 per square foot).
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