Chanhassen Real Estate Market Report: September 2025
In September 2025, the median sale price in Chanhassen was $510,000, up 0.8% from a year earlier.
- Median Sales Price
- $510,000
- +0.8% vs. September 2024
- Homes for Sale
- 84
- +16.7% vs. September 2024
- Months Supply
- 3
- +15.4% vs. September 2024
- Balanced market
- Days on Market
- 41
- +7.9% vs. September 2024
- Closed Sales
- 32
- +33.3% vs. September 2024
- Percent of Original List Received
- 97.1%
- -1.3 pts vs. September 2024
What this means
Home values are holding steady within one percent of last year, with a median sale price of $510,000.
Homes are selling 3 days longer than last year, averaging 41 days on market, and sellers are receiving 97.1% of their original asking price.
The area is currently a balanced market with 3 months of supply. Active inventory is up 17% from last year to 84 homes for sale.
In a balanced market, neither side has a steep advantage, making careful pricing for sellers and steady negotiation for buyers the key to success.
Common questions about the Chanhassen market
Is Chanhassen a buyer's or seller's market?
Chanhassen was a balanced market in September 2025, with 3 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 84 homes for sale.
How fast are homes selling in Chanhassen?
Homes that sold in September 2025 spent an average of 41 days on market, 3 days slower than a year earlier. Sellers received 97.1% of their original list price on average.
Are home prices going up in Chanhassen?
Yes. The median sale price rose 0.8% year over year to $510,000. Price per square foot moved in the same direction (from $206 to $231), 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 |
| September 2025 | $510,000 | 32 | 41 | 3 |
How Chanhassen compares with the Twin Cities region
In September 2025, the median sale price in Twin Cities (16-County Region) was $390,000, up 2.6% from a year earlier.
More to explore
Data: NorthstarMLS Local Market Update via 10K Research, published August 24, 2026.
Report published .
Get the Chanhassen market report every month
We will email you the monthly numbers and what they mean for buyers and sellers.