$6,174 Closing Credit*
$519,900
2,978 SqFt
4 Beds
•3 Full Baths, 1 Partial
Listing Office: RE/MAX Advantage Plus
Is Chaska, MN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Chaska was a Seller's Market.
Key Takeaway
Chaska is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Chaska, MN
How much do homes in Chaska, MN cost?
Median Sold Price
$461,000
$198/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$34,375(+8.1%)
Key Takeaway
Homes in Chaska have sold for 8.1% more than they did a year ago.
Summary: The median home sold price in Chaska was $461,000 in November 2024, up 8.1% from last year, and the median price per square foot was $198.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $145K | $129.7K | -10.6% |
| 2 Bedrooms | $279.5K | $287.5K | +2.9% |
| 3 Bedrooms | $365K | $375K | +2.7% |
| 4 Bedrooms | $530K | $529.9K | 0% |
| 5+ Bedrooms | $665K | $676.9K | +1.8% |
Summary: Chaska housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 2.7%, 4 bedroom homes did not change, and 5+ bedroom homes increased by 1.8%.
Median Sold Price Compared To Nearby Cities
| Chaska | $426.6K | $461K | +8.1% |
| Carver | $475K | $499.9K | +5.3% |
| Chanhassen | $516.3K | $540.3K | +4.6% |
| Victoria | $597.5K | $592K | -0.9% |
| Jackson Township | $210K | $189.5K | -9.8% |
Housing Supply in Chaska, MN
How many homes are available in Chaska, MN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 201 | 202 | 0.5% |
Summary: The Chaska real estate market had 202 homes for sale in November 2024, a 0.5% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 4 | +33.3% |
| 2 Bedrooms | 31 | 28 | -9.7% |
| 3 Bedrooms | 62 | 62 | 0.0% |
| 4 Bedrooms | 58 | 58 | 0.0% |
| 5+ Bedrooms | 47 | 50 | +6.4% |
Summary: The Chaska housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 33.3%, 2 bedroom homes decreased by 9.7%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 6.4%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 44 | 20 | -54.5% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Chaska, you may be able to get a good deal. 45% of homes here sold below asking price last month.
Summary: A total of 20 homes were sold or pending in Chaska in November 2024, down by 54.5% month-over-month. Of the 20 sold homes, 45% were sold under asking, 30% were sold at asking, and 25% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 35 Days | 46 Days | +29.4% |
Summary: Homes in Chaska had an average of 46 days on market in Nov 2024, up by 29.4% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Chaska has remained consistent over time.
Summary: During November 2024, 20 homes were sold in Chaska; 40% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
