Hennepin County, Minnesota

Deephaven, MN Real Estate Market Report 2026

Track Deephaven, MN housing market trends — median prices, days on market, appreciation rates, and expert analysis from The PRO Team at RE/MAX RESULTS.

Overview Market Trends Home Prices Neighborhoods Schools Buyer Guide Seller Guide Relocation Things to Do Luxury Homes Commute

Deephaven Housing Market Snapshot

Current market data for Deephaven, MN — updated regularly by The PRO Team at RE/MAX RESULTS.

Median Home Price

$1,095,000

As of 2025

Avg Days on Market

28 days

Median, all home types

Active Listings

Currently available

Price Per Sq Ft

$312

Median single-family

Year-Over-Year Change

+5.1%

Deephaven has appreciated 5.1% annually. Lakefront properties have significantly outpaced off-lake homes, with the premium for private shoreline expanding each year as lake inventory tightens.

Market Conditions

Median home price: $1,095,000 — representing strong demand in the Deephaven market
Average days on market: 28 — a balanced, moderately competitive market
Price appreciation: +5.1% year-over-year, indicating positive momentum and continued buyer demand
9+ active listings across all home types at any given time
$312 price per square foot — useful benchmark for evaluating any specific listing

Price Ranges by Segment

Carsons Bay$1.5M – $5M+

Knollwood Point$800K – $1.8M

Cottagewood$700K – $1.5M

Northome Road Corridor$1M – $3M

Expert Market Analysis

Deephaven has appreciated 5.1% annually. Lakefront properties have significantly outpaced off-lake homes, with the premium for private shoreline expanding each year as lake inventory tightens.

Deephaven is part of the broader West Metro Twin Cities market, which consistently outperforms the national average for residential appreciation. Buyers benefit from strong resale values, excellent infrastructure, and high quality of life — all factors that sustain long-term demand.

For Buyers

Deephaven attracts buyers who prioritize privacy and natural beauty over walkability — often families and couples from Minneapolis or other lake communities who want quieter, more secluded lakeside living while remaining in a top school district.

Search Deephaven Homes

For Sellers

Deephaven sellers benefit from the community's scarcity premium — with only 9 active listings at any given time, well-prepared properties draw motivated buyers quickly. Wooded privacy and lake access are the primary value drivers.

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Search Deephaven Homes on MLS

Browse every active listing — updated every 15 minutes with new listings, price changes, and coming-soon homes.

* Market data is for informational purposes. Contact The PRO Team for a personalized, real-time analysis.

Frequently Asked Questions

Common questions about Deephaven real estate market trends from buyers and sellers.

Is it a buyer's or seller's market in Deephaven right now?

Deephaven is currently operating in a more balanced market. Homes are averaging 28 days on market, and year-over-year appreciation stands at +5.1%. Deephaven has appreciated 5.1% annually. The PRO Team provides up-to-date absorption rate analysis on request.

What is the price per square foot in Deephaven?

Deephaven's current median price per square foot is $312. This varies significantly by neighborhood, home age, and condition — newer construction and lake-proximity properties typically command a meaningful premium above this figure. The PRO Team can provide a property-specific price-per-square-foot comparison for any home you're evaluating.

How has the Deephaven real estate market changed in the past year?

Deephaven home values have moved +5.1% year-over-year. Deephaven has appreciated 5.1% annually. Lakefront properties have significantly outpaced off-lake homes, with the premium for private shoreline expanding each year as lake inventory tightens. Active inventory stands at approximately 9 listings, which represents a tight supply environment.

What is the average days on market for homes in Deephaven?

Deephaven homes are currently selling in an average of 28 days on market. Well-priced, move-in-ready homes in desirable neighborhoods often sell faster. Homes that are overpriced or need significant work tend to sit longer. The PRO Team's market expertise helps both buyers and sellers calibrate to realistic timelines.

Home Valuation

What's Your Deephaven Home Really Worth?

Get a no-obligation valuation from a local Deephaven expert — not Zillow's algorithm. We pull real comparables, account for your home's specific features, and deliver a number you can actually plan around.