Compare cities · September 2026
Chanhassen vs. Deephaven
Homes in Deephaven sold for a median $1,207,500 over the 12 months through September 2026, 101% more than in Chanhassen ($600,000). Homes sold faster in Chanhassen: 42 days on market on average, against 54 in Deephaven. Chanhassen's homes are newer, with a median year built of 1994 against 1969. Deephaven is closer to downtown Minneapolis: about 25 minutes by car, against 32. The two are about 6 miles apart.
Housing market, 12 months through September 2026
| Measure | Chanhassen | Deephaven |
|---|---|---|
| Median sale price | $600,000 | $1,207,500 |
| Change from a year earlier | +17.4% | +19.0% |
| Homes sold | 382 | 50 |
| Days on market | 42 | 54 |
| Share of original list price | 98.8% | 93.8% |
| Price per square foot | $232 | $404 |
| New listings | 511 | 93 |
| Homes for sale (September 2026) | 74 | 20 |
| Months of supply (September 2026) | 2.3 | 5.3 |
Source: Minneapolis Area REALTORS® Local Market Update (NorthstarMLS data).
The homes
| Measure | Chanhassen | Deephaven |
|---|---|---|
| Median home value (owner estimate) | $566,300 | $935,900 |
| Median year built | 1994 | 1969 |
| Single-family homesShare of all housing units, detached houses | 88% | 90% |
| Owner-occupied homes | 84% | 89% |
| Median rent | $1,831 | — |
Source: US Census Bureau, American Community Survey 2020–2024.
The place
| Measure | Chanhassen | Deephaven |
|---|---|---|
| Population (2024) | 25,746 | 3,762 |
| Land area | 20.4 sq mi | 2.3 sq mi |
| Drive to Downtown Minneapolis | 32 min | 25 min |
| Drive to Downtown Saint Paul | 40 min | 38 min |
| Drive to MSP Airport | 28 min | 34 min |
| Drive to Mall of America | 24 min | 31 min |
| Drive to University of Minnesota | 34 min | 30 min |
| Average commute to work | 22.3 min | 26 min |
| Lakes of 10+ acresMinnesota DNR lake outlines touching the city | 10 | 4 |
Source: US Census Bureau 2024 estimates and TIGER/Line; drive times from OpenStreetMap routing (light traffic).
Chanhassen
School districts: Eastern Carver County Public Schools, Minnetonka Public School District
Largest lakes: Minnewashta Lake (680 acres), Lake Riley (296 acres), Rice Lake (293 acres), Christmas Lake (267 acres), Lotus Lake (245 acres)
Deephaven
School districts: Minnetonka Public School District, Wayzata Public School District
Largest lakes: Lake Minnetonka (14,206 acres), Shaver Lake (17 acres), Lake William (16 acres), Lake Marion (13 acres)
How we compare places: by their homes, housing market and location only, from public sources, never by who lives there. Medians describe the middle home; both places have homes well above and below them.
Quick answers
Chanhassen or Deephaven?
Is Chanhassen or Deephaven more expensive?
Deephaven. The median sale price was $1,207,500 there and $600,000 in Chanhassen over the 12 months through September 2026, according to the Minneapolis Area REALTORS® Local Market Update. The median is the middle sale, so both have homes well above and below it.
Where do homes sell faster, Chanhassen or Deephaven?
Chanhassen: 42 days on market on average against 54, over the 12 months through September 2026.
Which is closer to downtown Minneapolis?
Deephaven, about 25 minutes by car in light traffic (32 from Chanhassen). To downtown Saint Paul: 40 minutes from Chanhassen, 38 from Deephaven.
How far apart are Chanhassen and Deephaven?
About 6 miles in a straight line between their centers.
Which has more lakes, Chanhassen or Deephaven?
Chanhassen has more: 10 lakes of 10+ acres touch Chanhassen (largest: Minnewashta Lake) and 4 touch Deephaven (largest: Lake Minnetonka), by Minnesota DNR lake outlines.
Which school districts serve Chanhassen and Deephaven?
Chanhassen: Eastern Carver County Public Schools and Minnetonka Public School District. Deephaven: Minnetonka Public School District and Wayzata Public School District. School district lines don't follow city lines, so check the district for a specific address before you buy.
Should I buy in Chanhassen or Deephaven?
It depends on your budget, the kind of home you want and where you need to get to each day. This page compares the homes, prices and locations; a Huerkamp Home Group agent can show you homes in both and walk you through what's selling now.
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Deciding between them?
See homes in Chanhassen and Deephaven.
A Huerkamp Home Group agent can show you homes in both, tell you what's selling and for how much right now, and help you decide. There's no cost to buyers.