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CHANHASSEN, MN 55317

Real Estate Market Report
Seller's Market
February 2026  ·  Source: Realtor.com

Market Analysis

Data as of February 2026. Source: Realtor.com.

The CHANHASSEN, MN real estate market (55317) currently shows 56 active listings, with 19 pending sales. Homes are averaging 26 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 26 days on market compared to 72 days last year.

The median listing price has risen 8.1% year-over-year, from $425,000 to $459,500.

Whether you are buying or selling in CHANHASSEN, MN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 21,959  ·  Density: 644.8/mi²  ·  Median household income: $126,455

Typical home value: $464,569  ·  Homeownership: 84.8%

Market Overview

Active Listings
56
⇩ 1.8% vs 57 last year
Pending
19
34% pending ratio
Median Price
$459,500
⇧ 8.1% vs $425,000 last year
Average Price
$861,960
⇩ 8.9% vs $946,584 last year
Days on Market
26
⇩ 63.9% vs 72 days last year

Price Per Square Foot

Median $/sqft
$220
⇧ 1.4% vs $217/sqft last year
Median Home Size
2,284 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 56 this year vs 57 last year
  • Days on market: 26 now vs 72 last year

Median & Average Pricing

Year over Year
  • Median: $459,500 (+8.1% YoY)
  • Average: $861,960 (-8.9% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 11.2 miles — 633 listings ($606,758,937 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55317Chanhassen, MN 553170.0 mi43$35,242,026$392,450$819,582
55331Excelsior, MN 553314.1 mi107$242,654,386$1,695,000$2,267,798
55345Minnetonka, MN 553455.2 mi41$38,485,511$639,000$938,671
55386Victoria, MN 553865.6 mi26$19,372,756$729,900$745,106
55384Spring Park, MN 553846.8 mi13$10,657,400$555,000$819,800
55379Shakopee, MN 553797.3 mi154$80,830,288$509,950$524,872
55364Mound, MN 553648.3 mi57$60,323,955$492,500$1,058,315
55438Minneapolis, MN 554388.8 mi29$11,662,060$312,500$402,140
55375Saint Bonifacius, MN 553759.2 mi3$1,410,000$470,000$470,000
55356Long Lake, MN 553569.7 mi27$47,930,724$649,900$1,775,212
55447Minneapolis, MN 5544710.4 mi30$14,926,140$394,950$497,538
55426Minneapolis, MN 5542610.8 mi57$18,829,779$299,900$330,347
55387Waconia, MN 5538711.2 mi46$24,433,912$550,000$531,172

Frequently Asked Questions

How many homes are for sale in CHANHASSEN, MN 55317?

As of February 2026, there are 56 active listings in CHANHASSEN, MN (zip code 55317), compared to 57 the prior year.

What is the median home price in CHANHASSEN, MN 55317?

The median listing price in CHANHASSEN, MN 55317 is $459,500 as of February 2026, a 8.1% increase from $425,000 the prior year.

How long do homes stay on the market in CHANHASSEN, MN?

Homes in CHANHASSEN, MN 55317 spend an average of 26 days on the market before going under contract, compared to 72 days the prior year.

Is it a seller's or buyer's market in CHANHASSEN, MN 55317?

Based on current inventory and days-on-market data as of February 2026, CHANHASSEN, MN 55317 is currently a Seller's Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 26 days on market compared to 72 days last year.

How much can I save on real estate commission in CHANHASSEN, MN?

With SELL123.com's maximum 3% commission, sellers in CHANHASSEN, MN 55317 save an estimated $9,190 compared to a typical 5% commission on the median listing price of $459,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.