Chanhassen, MN housing market
The typical Chanhassen home is worth about $562,000, up 2.7% in a year, 60% above the Minnesota typical home. Homes typically sell in 20 days, a little above asking.
Home values, sales, trends and how Chanhassen compares with the towns next door — updated as new data is published.
Chanhassen at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Chanhassen | Minnesota |
|---|---|---|
| 2017 | $373,000 | $217,000 |
| 2018 | $393,000 | $232,000 |
| 2019 | $410,000 | $246,000 |
| 2020 | $418,000 | $259,000 |
| 2021 | $450,000 | $282,000 |
| 2022 | $509,000 | $313,000 |
| 2023 | $526,000 | $325,000 |
| 2024 | $533,000 | $331,000 |
| 2025 | $547,000 | $341,000 |
| 2026 | $551,000 | $349,000 |
| August 2026 | $562,000 | $351,000 |
333 new homes permitted in 2025
Builders were permitted 333 new homes in Chanhassen in 2025: 19 single-family houses and 314 in buildings with two or more homes, worth about $58.1 million to build. That's 13 per 1,000 residents, faster than across Minnesota (3.8). Over the past 10 years, Chanhassen has permitted 1,265 homes in all.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 450 | 22 | 428 | $74 million |
| 2025 | 333 | 19 | 314 | $58.1 million |
| 2024 | 27 | 27 | 0 | $18.8 million |
| 2023 | 35 | 35 | 0 | $20.5 million |
| 2022 | 48 | 48 | 0 | $26.5 million |
| 2021 | 208 | 98 | 110 | $65.5 million |
| 2020 | 67 | 67 | 0 | $27.7 million |
| 2019 | 59 | 59 | 0 | $30.3 million |
| 2018 | 373 | 105 | 268 | $72.8 million |
| 2017 | 67 | 67 | 0 | $25.3 million |
| 2016 | 48 | 48 | 0 | $19.3 million |
| 2015 | 104 | 100 | 4 | $36.1 million |
| 2014 | 153 | 129 | 24 | $38.9 million |
| 2013 | 175 | 159 | 16 | $46.1 million |
| 2012 | 185 | 169 | 16 | $51.3 million |
| 2011 | 168 | 148 | 20 | $52 million |
| 2010 | 101 | 101 | 0 | $33.1 million |
| 2009 | 85 | 85 | 0 | $27.9 million |
| 2008 | 66 | 54 | 12 | $21.4 million |
| 2007 | 161 | 143 | 18 | $51.6 million |
| 2006 | 179 | 131 | 48 | $50.8 million |
| 2005 | 84 | 84 | 0 | $31.8 million |
| 2004 | 131 | 131 | 0 | $32.9 million |
| 2003 | 396 | 89 | 307 | $55.5 million |
| 2002 | 306 | 162 | 144 | $39.6 million |
| 2001 | 229 | 115 | 114 | $36.5 million |
| 2000 | 319 | 157 | 162 | $49.1 million |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Chanhassen and its neighbors
| Town | Typical value | 1-yr change | Days on market | Median income |
|---|---|---|---|---|
| Chanhassen | $562K | +2.7% | 20 | $143,651 |
| Chaska | $481K | +2.6% | 22 | $110,956 |
| Victoria | $619K | +3.2% | 18 | $195,639 |
| Eden Prairie | $502K | +2.7% | 18 | $130,489 |
| Shorewood | $829K | +4.6% | 22 | $171,063 |
| Shakopee | $405K | +1.1% | 27 | $107,223 |
3.9 years of income
The typical Chanhassen home costs about 3.9 years of the town's median household income, about the same as across Minnesota (3.9).
How Chanhassen ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Listings link to their publishers.