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Chanhassen, MN Housing Market Trends
In June 2025, Chanhassen’s housing market demonstrated strong growth, with home prices rising 13.9% year-over-year to a median of $615K, signaling increasing demand and buyer confidence. Homes continued to sell quickly, averaging 22 days on the market, only slightly longer than the 20-day average last year, which still reflects a competitive environment. Sales activity also increased, with 43 homes sold compared to 39 last year, suggesting both sustained buyer interest and a modest increase in available inventory. This combination of rising prices, quick turnover, and growing sales volume highlights Chanhassen’s continued appeal to buyers seeking desirable suburban living with strong long-term value potential.
Chanhassen is a very competitive housing market, with homes selling rapidly, averaging just 19 days on the market. Many properties attract multiple offers, and some buyers are willing to waive contingencies to secure a deal, reflecting strong demand and limited inventory. On average, homes sell for around their list price and typically go pending within the same 19-day timeframe, indicating that sellers are pricing accurately in line with market expectations. However, hot homes—those in prime locations or with desirable features—can command even stronger interest, often selling for about 3% above list price and going pending in as little as 11 days, underscoring the urgency among motivated buyers in this market.
Chanhassen, MN is a clear seller’s market in June 2025, meaning buyer demand significantly outpaces the available housing supply. This imbalance creates a competitive environment where well-priced homes often receive multiple offers, and buyers are sometimes willing to waive contingencies to strengthen their bids. Limited inventory allows sellers to maintain strong negotiating power, with many properties selling quickly and close to, or even above, their asking prices. For buyers, acting fast and presenting competitive offers is crucial, while sellers benefit from favorable conditions that can lead to faster sales and potentially higher returns.
If you're ready to take the next step in your home search, contact Steve Pemberton today. With deep local expertise and a client-first approach, Steve is your trusted partner in finding the perfect home in Chanhassen.
Chanhassen is a strong seller’s market in April 2025, with homes averaging just 23 days on the market. Many listings receive multiple offers—some even with waived contingencies—and hot homes can go pending in as little as 7 days for up to 2% above list price. This high level of competition means buyers must be well-prepared: get pre-approved, know your budget limits, and be ready to act decisively. Steve Pemberton can help you strategize a compelling offer that stands out in this fast-moving environment.
Chanhassen is consistently ranked among Minnesota’s best places to live due to its blend of suburban charm and high quality of life. Residents enjoy access to scenic parks, extensive trails, Lake Ann, and the Minnesota Landscape Arboretum. It also offers a peaceful residential setting while remaining within commuting distance of Minneapolis. Understanding how different neighborhoods within Chanhassen cater to various lifestyles—whether you're focused on outdoor living, schools, or proximity to retail—is crucial to finding the right fit.
The city is part of the highly regarded Eastern Carver County School District (ISD 112), which is a major draw for families. Proximity to top-rated schools can significantly impact home values and resale potential. For buyers with children or long-term investment plans, school zoning should be a top consideration. Steve can help clarify school boundaries and connect you with resources for evaluating academic performance and community involvement.
Chanhassen offers a mix of spacious single-family homes, newer developments, and established neighborhoods with mature trees and larger lots. Whether you’re looking for a newer construction in a planned community or a custom home on a quiet cul-de-sac, each area has a distinct character and price point. Steve can walk you through the pros and cons of each type based on your lifestyle, budget, and long-term goals.
Although inventory has improved slightly—rising from 28 sales last April to 39 this year—homes still move quickly, and the spring season intensifies buyer activity. Understanding the timing of new listings, average days on market, and seasonal price fluctuations is key to securing the right property at the right time. With Steve’s up-to-date market access, you can stay ahead of the competition and make informed decisions the moment opportunities arise.
Whether you're just beginning your search or ready to take the next step, our team is here to guide you through the Chanhassen real estate market. With our local expertise and commitment to finding the right property for you, we're available to answer any questions or provide insights. Reach out today to schedule a consultation and start your journey to owning a home in this competitive market!
Discover what makes Chanhassen, MN a great place to call home by exploring our comprehensive neighborhood guide! Whether you're thinking about moving or simply want to learn more about the area, our guide offers detailed insights into the local housing market, schools, amenities, and lifestyle. From charming neighborhoods to vibrant community events, Chanhassen has something for everyone. Browse our guide to find out why this thriving suburb could be the perfect fit for you!
The Steve Pemberton Realty Group offers a comprehensive and personalized approach, ensuring a stress-free journey and delivering exceptional results. Contact the team today and unlock the potential of your real estate dreams.
