Chaska, MN Real Estate & Homes for Sale

In November 2024, Chaska home prices experienced a notable increase, rising 8.1% from the previous year to a median sale price of $400,000. While prices are climbing, the pace of sales has slowed slightly, with homes spending an average of 63 days on the market compared to 42 days last year. This longer time on the market may reflect a more measured pace of buyer activity or increased inventory. Despite this, the number of homes sold remained consistent, with 23 properties changing hands both this year and last November. These trends suggest a steady demand for homes in Chaska, balanced by evolving buyer behaviors in the market.

Chaska's housing market is moderately competitive, with homes typically selling within 46 days. Some properties attract multiple offers, reflecting steady demand. On average, homes sell for about 1% below the list price and go under contract in approximately 46 days. However, "hot" homes—those in higher demand—often sell at the list price and can go pending in as little as 14 days, indicating strong buyer interest in certain properties. Buyers should be prepared to act quickly on desirable homes, while sellers can expect steady activity in this market.

In November 2024, Chaska, MN, is considered a balanced market, where the supply of homes for sale closely matches buyer demand. This equilibrium creates a stable environment, offering opportunities for both buyers and sellers. Buyers may find less pressure from intense competition, while sellers can expect fair offers without the need for significant concessions. This balance reflects a healthy housing market, providing a fair playing field for all participants.