2025 Chanhassen Real Estate Market Update: Why Buyers and Locals Love Living Here
Chanhassen, Minnesota continues to shine in 2025 as one of the most desirable suburbs in the Twin Cities metro. Over the past 12 months, the real estate market has remained strong and competitive, with a total of 279 homes sold. The median list price sits at $499,000, while the median closed price is slightly higher at $499,900 — a sign of strong demand. Homes are moving quickly, spending an average of just 16 days on the market. The typical Chanhassen home features 4 bedrooms, 3 bathrooms, was built around 1996, and offers approximately 1,764 square feet above ground and 2,300 square feet total. With a foundation size of 1,230 square feet, a lot size of 0.28 acres, and average property taxes of $4,406, buyers are finding a solid balance of space, value, and livability. The median price per square foot comes in at $213, reinforcing the area’s consistent value growth.
Beyond the numbers, Chanhassen is beloved for its vibrant community and unique attractions. The Chanhassen Dinner Theatres remain a cultural gem, offering Broadway-style shows in a small-town setting. Outdoor enthusiasts appreciate the area’s access to Lake Minnetonka, Lake Ann, and the Minnesota Landscape Arboretum, making it easy to enjoy all four seasons. Families are drawn to the highly rated Eastern Carver County School District, known for its academic excellence and strong community engagement. The town also provides the perfect balance of peace and proximity — residents enjoy small-town charm while being just 25 minutes from Minneapolis. To top it off, Chanhassen’s growing local business scene adds to its appeal, with new restaurants, coffee shops, and boutiques opening regularly. Whether you're buying, selling, or just watching the market, Chanhassen remains a top choice in 2025 for those seeking a thriving, well-rounded community.