$4,572 Closing Credit*
$385,000
1,836 SqFt
3 Beds
•1 Full Bath
Listing Office: eXp Realty
Is Chaska, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Chaska has remained a Seller's Market.
Key Takeaway
Chaska is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Chaska, MN
How much do homes in Chaska, MN cost?
Median Sold Price
$456,666
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$28,916(+6.8%)
Key Takeaway
Homes in Chaska have sold for 6.8% more than they did a year ago.
Summary: The median home sold price in Chaska was $456,666 in October 2024, up 6.8% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $129.7K | -10.6% |
| 2 Bedrooms | $280K | $285K | +1.8% |
| 3 Bedrooms | $365K | $375K | +2.7% |
| 4 Bedrooms | $530K | $545K | +2.8% |
| 5+ Bedrooms | $660.3K | $675.9K | +2.4% |
Summary: Chaska housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 2.7%, 4 bedroom homes increased by 2.8%, and 5+ bedroom homes increased by 2.4%.
Median Sold Price Compared To Nearby Cities
| Chanhassen | $510K | $546K | +7.1% |
| Chaska | $427.7K | $456.6K | +6.8% |
| Carver | $482.4K | $499.9K | +3.6% |
| Victoria | $599.9K | $591.8K | -1.4% |
Housing Supply in Chaska, MN
How many homes are available in Chaska, MN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 183 | 219 | +19.7% |
Summary: The Chaska real estate market had 219 homes for sale in October 2024, a 19.7% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 3 | +50.0% |
| 2 Bedrooms | 32 | 33 | +3.1% |
| 3 Bedrooms | 53 | 70 | +32.1% |
| 4 Bedrooms | 51 | 66 | +29.4% |
| 5+ Bedrooms | 45 | 47 | +4.4% |
Summary: The Chaska housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 3.1%, 3 bedroom homes increased by 32.1%, 4 bedroom homes increased by 29.4%, and 5+ bedroom homes increased by 4.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 33 | 44 | +33.3% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chaska, you may be able to get a good deal. 43.2% of homes here sold below asking price last month.
Summary: A total of 44 homes were sold or pending in Chaska in October 2024, up by 33.3% month-over-month. Of the 44 sold homes, 43% were sold under asking, 23% were sold at asking, and 34% were sold over asking.
Days on Market for Chaska, MN
How long does it take to sell a home in Chaska, MN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 32 Days | +6.0% |
Summary: Homes in Chaska had an average of 32 days on market in Oct 2024, up by 6% compared to last year.
Breakdown of Home Sale Times
29 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Chaska are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 44 homes were sold in Chaska; 66% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
