Chaska, MN Real Estate & Homes for Sale

In June 2025, Chaska’s housing market experienced a slight cooling, with home prices down 5.1% year-over-year, bringing the median price to $446K. Homes took longer to sell, averaging 23 days on the market compared to 19 days last year, suggesting a shift toward more balanced conditions and less urgency among buyers. Sales activity remained relatively stable, with 38 homes sold compared to 39 last year, indicating steady, though slightly reduced, market activity. This trend may present more negotiating opportunities for buyers while signaling a moderation in the strong seller dominance seen in previous months.

Chaska remains a very competitive housing market, with homes selling in an average of 27.5 days, reflecting strong buyer interest despite recent price adjustments. Many properties still receive multiple offers, and some buyers are willing to waive contingencies to secure a deal, underscoring the demand for well-priced homes. On average, homes sell for around their list price and typically go pending in about 28 days, showing that pricing remains aligned with market expectations. Hot homes, especially those with desirable features or in sought-after neighborhoods, can sell much faster—going pending in as little as 9 days and achieving prices up to 2% above list price, highlighting the urgency among motivated buyers.

Chaska, MN is considered a balanced market in June 2025, meaning the supply of homes is roughly equal to the level of buyer demand. This creates a more stable environment where neither buyers nor sellers hold a significant advantage. Homes are selling at a steady pace, generally close to list price, with competitive properties still attracting multiple offers, while others may take longer to sell as buyers have more options to consider. For sellers, proper pricing and presentation remain key to standing out, while buyers benefit from having more negotiating room compared to highly competitive markets.