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CHANHASSEN, MN 55317

Real Estate Market Report  ·  Carver County
Balanced Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The CHANHASSEN, MN real estate market (55317) currently shows 82 active listings, with 42 pending sales. Homes are averaging 27 days on the market before going under contract.

Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice.

Homes are selling faster, averaging 27 days on market compared to 30 days last year.

The median listing price has fallen 17.4% year-over-year, from $540,000 to $446,000.

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
82
⇧ 26.2% vs 65 last year
Pending
42
51% pending ratio
Median Price
$446,000
⇩ 17.4% vs $540,000 last year
Average Price
$875,974
⇩ 2.5% vs $898,456 last year
Days on Market
27
⇩ 10% vs 30 days last year

Price Per Square Foot

Median $/sqft
$223
⇩ 1.3% vs $226/sqft last year
Median Home Size
2,240 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 82 this year vs 65 last year
  • Days on market: 27 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $446,000 (-17.4% YoY)
  • Average: $875,974 (-2.5% 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 — 726 listings ($709,385,199 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
55317Chanhassen, MN 553170.0 mi56$48,269,760$459,500$861,960
55331Excelsior, MN 553314.1 mi124$286,156,412$1,740,239$2,307,713
55345Minnetonka, MN 553455.2 mi55$51,561,180$629,725$937,476
55386Victoria, MN 553865.6 mi31$21,498,097$654,400$693,487
55384Spring Park, MN 553846.8 mi13$10,432,734$550,000$802,518
55379Shakopee, MN 553797.3 mi155$81,939,975$511,348$528,645
55364Mound, MN 553648.3 mi68$72,876,484$489,975$1,071,713
55438Minneapolis, MN 554388.8 mi34$14,375,540$324,750$422,810
55375Saint Bonifacius, MN 553759.2 mi1$399,900$399,900$399,900
55356Long Lake, MN 553569.7 mi26$47,349,822$1,024,175$1,821,147
55447Minneapolis, MN 5544710.4 mi38$20,945,790$422,475$551,205
55426Minneapolis, MN 5542610.8 mi70$24,178,980$318,475$345,414
55387Waconia, MN 5538711.2 mi55$29,400,525$533,700$534,555

Frequently Asked Questions

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

As of March 2026, there are 82 active listings in CHANHASSEN, MN (zip code 55317), compared to 65 the prior year.

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

The median listing price in CHANHASSEN, MN 55317 is $446,000 as of March 2026, a 17.4% decrease from $540,000 the prior year.

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

Homes in CHANHASSEN, MN 55317 spend an average of 27 days on the market before going under contract, compared to 30 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 March 2026, CHANHASSEN, MN 55317 is currently a Balanced Market. Inventory has increased compared to last year, with 17 more homes available — giving buyers more choice. Homes are selling faster, averaging 27 days on market compared to 30 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 $8,920 compared to a typical 5% commission on the median listing price of $446,000. 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.