Chaska Real Estate Market Report: May 2026
In May 2026, the median sale price in Chaska was $391,200, down 11.9% from a year earlier.
- Median Sales Price
- $391,200
- -11.9% vs. May 2025
- Homes for Sale
- 105
- -0.9% vs. May 2025
- Months Supply
- 3.2
- +10.3% vs. May 2025
- Balanced market
- Days on Market
- 47
- +17.5% vs. May 2025
- Closed Sales
- 39
- -4.9% vs. May 2025
- Percent of Original List Received
- 100.6%
- -0.1 pts vs. May 2025
What this means
The median sale price has decreased by 12% from last year to $391,200.
Homes are selling 7 days longer than last year, averaging 47 days on market, and sellers are receiving 100.6% of their original asking price.
The area is currently a balanced market with 3.2 months of supply. Active inventory is holding steady at 105 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 Chaska market
Is Chaska a buyer's or seller's market?
Chaska was a balanced market in May 2026, with 3.2 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 105 homes for sale.
How fast are homes selling in Chaska?
Homes that sold in May 2026 spent an average of 47 days on market, 7 days slower than a year earlier. Sellers received 100.6% of their original list price on average.
Are home prices going up in Chaska?
No. The median sale price fell 11.9% year over year to $391,200.
Market trends in Chaska
| Month | Median sale price | Closed sales | Days on market | Months supply |
|---|---|---|---|---|
| August 2024 | $502,990 | 45 | 49 | 3.5 |
| September 2024 | $487,495 | 36 | 46 | 3.2 |
| October 2024 | $480,000 | 39 | 45 | 3.7 |
| November 2024 | $435,000 | 25 | 55 | 3.3 |
| December 2024 | $421,500 | 35 | 43 | 2.8 |
| January 2025 | $457,750 | 26 | 68 | 2.6 |
| February 2025 | $451,600 | 29 | 76 | 2.7 |
| March 2025 | $553,468 | 38 | 75 | 2.6 |
| April 2025 | $579,103 | 38 | 65 | 2.7 |
| May 2025 | $444,000 | 41 | 40 | 2.9 |
| June 2025 | $470,000 | 45 | 47 | 3 |
| July 2025 | $450,500 | 54 | 46 | 3.2 |
| August 2025 | $420,000 | 38 | 43 | 2.7 |
| September 2025 | $460,000 | 43 | 39 | 2.7 |
| October 2025 | $542,495 | 34 | 53 | 2.4 |
| November 2025 | $477,000 | 26 | 54 | 2.3 |
| December 2025 | $572,555 | 33 | 68 | 2.1 |
| January 2026 | $350,000 | 15 | 50 | 2.2 |
| February 2026 | $465,000 | 21 | 73 | 2.1 |
| March 2026 | $427,950 | 32 | 67 | 2.2 |
| April 2026 | $508,750 | 30 | 69 | 2.4 |
| May 2026 | $391,200 | 39 | 47 | 3.2 |
How Chaska compares with the Twin Cities region
In May 2026, the median sale price in Twin Cities (16-County Region) was $399,000, up 1.0% 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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