Chanhassen Real Estate Market Report: August 2025
In August 2025, the median sale price in Chanhassen was $575,000, down 15.4% from a year earlier.
- Median Sales Price
- $575,000
- -15.4% vs. August 2024
- Homes for Sale
- 77
- +13.2% vs. August 2024
- Months Supply
- 2.8
- +16.7% vs. August 2024
- Seller's market
- Days on Market
- 42
- +40% vs. August 2024
- Closed Sales
- 37
- -28.8% vs. August 2024
- Percent of Original List Received
- 97.3%
- -2.1 pts vs. August 2024
What this means
The median sale price has decreased by 15% from last year to $575,000, and a similar trend in price per square foot suggests this is a real move in values rather than a change in the mix of homes selling.
Homes are selling 12 days longer than last year, averaging 42 days on market, and sellers are receiving 97.3% of their original asking price.
The area is currently a seller's market with 2.8 months of supply. Active inventory is up 13% from last year to 77 homes for sale.
In this seller's market, buyers should be prepared to act quickly, while sellers can generally expect strong interest if priced correctly.
Common questions about the Chanhassen market
Is Chanhassen a buyer's or seller's market?
Chanhassen was a seller's market in August 2025, with 2.8 months of supply. Under about 3 months generally favors sellers, 3 to 6 months is considered balanced, and over 6 months favors buyers. There were 77 homes for sale.
How fast are homes selling in Chanhassen?
Homes that sold in August 2025 spent an average of 42 days on market, 12 days slower than a year earlier. Sellers received 97.3% of their original list price on average.
Are home prices going up in Chanhassen?
No. The median sale price fell 15.4% year over year to $575,000. Price per square foot moved in the same direction (from $269 to $227), which suggests a real change in values rather than a shift in the mix of homes sold.
Market trends in Chanhassen
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $680,000 | 52 | 30 | 2.4 |
| September 2024 | $506,000 | 24 | 38 | 2.6 |
| October 2024 | $442,000 | 23 | 36 | 2.1 |
| November 2024 | $495,000 | 17 | 61 | 1.9 |
| December 2024 | $461,000 | 19 | 63 | 1.6 |
| January 2025 | $375,000 | 11 | 86 | 1.7 |
| February 2025 | $499,900 | 13 | 76 | 1.8 |
| March 2025 | $435,000 | 20 | 63 | 2.3 |
| April 2025 | $640,000 | 38 | 62 | 2.4 |
| May 2025 | $405,000 | 29 | 34 | 2.5 |
| June 2025 | $615,000 | 43 | 27 | 3.2 |
| July 2025 | $541,250 | 44 | 45 | 3.3 |
| August 2025 | $575,000 | 37 | 42 | 2.8 |
How Chanhassen compares with the Twin Cities region
In August 2025, the median sale price in Twin Cities (16-County Region) was $400,000, up 2.8% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
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