In August 2026, Chanhassen posted the third-fastest year-over-year home price growth of any city Redfin tracks in Minnesota, trailing only Chaska and Winona and running well ahead of the state's overall 1.8 percent gain. If you're comparing Chanhassen to Eden Prairie, Minnetonka, or Lakeville right now, that number is probably the first thing you saw.
It's also the wrong number to build a decision on by itself. Zillow's Home Value Index for the same period puts the typical Chanhassen home at $511,135, down 0.7 percent over the past year. Two respected sources, same city, same month, pointing in opposite directions. That's not a data error. It's a signal that something specific is happening to what's actually selling in Chanhassen, and the answer sits at a single intersection: Highway 212 and Powers Boulevard.
Two Numbers, One Explanation
Redfin's figure tracks the median sale price of whatever closed that month. Zillow's index tries to estimate what a consistent, typical home is worth, smoothing out swings caused by which homes happened to sell. When those two numbers diverge this sharply, the cause is almost always a shift in the mix of homes changing hands, not a shift in what any single home is worth.
In Chanhassen, that mix has a name: Avienda Village, the Charles Cudd Co. community of villas, rowhomes, and executive homes going up inside the larger Avienda development. Several of these homes have already closed or gone pending this year, and they're priced well above the median for existing Chanhassen resale housing. Every one of those closings pulls the citywide median up without changing what the house down the street from you is worth. That's the entire contradiction, resolved in one sentence: Chanhassen's median moved because new construction changed what's in the sample, not because existing homes appreciated 29 percent in a year.
If you're using Chanhassen's headline growth rate to argue that your existing home has gained a similar amount, or to justify a similar premium on a resale purchase, the Zillow number is closer to the truth for your specific transaction. The Redfin number is closer to the truth for anyone buying new construction inside Avienda specifically.
The Order Things Are Actually Getting Built In
Here's the part that matters more if you're one of the buyers considering that new construction. Avienda has been in front of the Chanhassen City Council in some form since at least 2022, and for years it stalled over a basic disagreement: the city wanted a walkable, high-end mixed-use destination, and successive site plans kept drifting toward something more auto-oriented. That tension showed up explicitly at a January 2026 work session, where council members raised concerns about the project shifting away from its original vision even as they learned that construction had started on a 412-unit apartment building.
That apartment building, built by Dorn Companies, is real and underway now. Its first phase is expected to open in June 2027. The Charles Cudd villas are real too, and several are already sold. What's still years out is the piece that makes Avienda function as a walkable destination rather than a housing pod next to a highway interchange: the retail core, and specifically the grocery anchor.
Here's the current timeline, as confirmed through Chanhassen's own project updates:
| Milestone | Status as of late September 2026 |
|---|---|
| Avienda Apartments (412 units, Dorn Companies) | Under construction; first phase opening June 2027 |
| Charles Cudd Co. villas, Avienda Village | Multiple homes closed or under contract |
| Grocery anchor: Coborn's Market & Table | Site plan pending Planning Commission and Council approval; opening targeted for summer 2028 |
| PUD amendment package | Planning Commission recommended approval Sept. 15, 2026; City Council review set for Oct. 12, 2026 |
The grocery store will be Coborn's second Market & Table location, following one in Plymouth, and the retail portion around it still has to clear a City Council vote in October before construction can begin in earnest. Put plainly: if you buy a villa in Avienda Village this fall, you'll likely be living there for a year and a half before the apartments across the street fill in, and closer to two years before you can walk to a grocery store.
What "Walk to Grocery" Actually Means Right Now
Marketing for homes in Avienda Village describes a lifestyle where you walk to groceries, shops, and restaurants. That description is accurate as a plan the city has now largely approved. It is not accurate as a description of what exists on the ground today, and it won't be for roughly two more years.
This isn't a criticism of the development. Cities routinely approve residential phases before commercial ones, since rooftops are what make a grocery lease pencil out for a company like Coborn's in the first place. It's a timing fact buyers need going into a purchase decision, the same way you'd want to know a road project's completion date before buying on a street that's currently torn up.
If you're comparing a home in Avienda Village to a similarly priced resale home elsewhere in Chanhassen, the honest version of that comparison accounts for what you're actually getting on day one: new construction, association-maintained grounds, and a location that will eventually be walkable, set against an existing home that may already sit within walking distance of Chanhassen's established retail area near County Road 16 and Arboretum Boulevard, where a Target, Cub Foods, and the Chanhassen Dinner Theatre have operated for years.
Reading the Comparison Correctly
The practical takeaway for anyone using Chanhassen's price data to compare it against Minnetonka, Eden Prairie, or Lakeville is to separate two different claims that the same headline number is currently making at once.
The first claim is about new construction pricing. Avienda Village homes are priced at what new construction in a planned amenity district commands, and that premium is legitimate once the amenities exist. The second claim is about the appreciation of Chanhassen's existing housing stock, and on that question, Zillow's flat-to-slightly-down reading is the more reliable guide for a resale purchase or a listing decision on a home you already own.
Conflating the two leads to two different mistakes. A seller who assumes their existing home gained 29 percent in value because the city did is likely to overprice a listing. A buyer who assumes Avienda's current amenities match its 2028 marketing is likely to be surprised by how long the walk to the grocery store actually is, because for now, there isn't one.
Quick Answers Before You Compare Chanhassen
Is Chanhassen's price growth going to keep accelerating? That depends heavily on how much more new construction closes inside Avienda relative to existing home sales. As the mix normalizes, the median is likely to track closer to Zillow's typical-home figure rather than staying at its current elevated growth rate.
When will Avienda's retail section actually break ground? The City Council is scheduled to review the PUD amendment package on Oct. 12, 2026. The development team has indicated it hopes to break ground on the grocery store in spring, with an opening targeted for summer 2028.
Does buying in Avienda now mean paying for amenities that don't exist yet? In part, yes. You're buying into an approved plan with a construction timeline attached, not a finished neighborhood. That can be a reasonable trade for the right buyer, as long as the timeline is priced into the decision rather than assumed away.
If you're weighing a purchase near Avienda, a resale home elsewhere in Chanhassen, or how to price a listing against a headline number that may not describe your specific house, that's exactly the kind of comparison worth working through with someone who tracks this market closely. Tonia Kurth and the BOOST Real Estate Group team can walk through what the Avienda timeline actually means for your specific address. Schedule a Real Estate Strategy Call to get a read on your situation before you write an offer or set a list price.
