Deephaven, MN Housing Market

The Deephaven housing market is very competitive. The median sale price of a home in Deephaven was $843K last month, down 21.2% since last year. The median sale price per square foot in Deephaven is $269, down 68.3% since last year.

Trends
Demand
Migration
Schools
Climate
Transportation

Deephaven Housing Market Trends

What is the housing market like in Deephaven today?

In August 2023, Deephaven home prices were down 21.2% compared to last year, selling for a median price of $843K.

$683K

Sale Price

-75.8%
since last year

$269

Sale $/Sq. Ft.

-68.3%
since last year

Under List Price

0.1%

Days on Market

Down Payment

88.9%

Total Homes Sold

To compare other locations to the Deephaven and U.S. housing market, enter a city, neighborhood, state, or zip code into the search bar. Learn which home features in Deephaven add value to a home.

How hot is the Deephaven housing market?

Deephaven is very competitive. Homes sell in 12 days.

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 12 days.
Hot homes
can sell for about 4% above list price and go pending in around 5 days.

Compare With Nearby Cities

Minnetonka

100

Very Competitive

Many homes get multiple offers, some with waived contingencies.
The average homes sell for around list price and go pending in around 18 days.
Hot homes
can sell for about 3% above list price and go pending in around 9 days.

Wayzata

100

Somewhat Competitive

Some homes get multiple offers.
The average homes sell for about 1% below list price and go pending in around 25 days.
Hot homes
can sell for about 2% above list price and go pending in around 8 days.

See more nearby cities and neighborhoods

Deephaven Migration & Relocation Trends

In Jul '23 - Sep '23, 27% of Deephaven homebuyers searched to move out of Deephaven, while 73% looked to stay within the metropolitan area.

Where are people moving to Deephaven from?

Across the nation, 0.62% of homebuyers searched to move into Deephaven from outside metros.
Hartford homebuyers searched to move into Deephaven more than any other metro followed by San Francisco and Sioux Falls.

Where are people from Deephaven moving to?

73% of Deephaven homebuyers searched to stay within the Deephaven metropolitan area.
Brainerd was the most popular destination among Deephaven homebuyers followed by Duluth and Cape Coral.

Number of People Moving to Deephaven

least

most

People are moving to Deephaven from

Inbound		Net inflow
Metros		Jul '23 - Sep '23
1	Hartford, CT	727
2	San Francisco, CA	160
3	Sioux Falls, SD	102
4	Washington, DC	97
5	Seattle, WA	97
6	Mankato, MN	97
7	Los Angeles, CA	86
8	New York, NY	83
9	Boston, MA	53
10	Madison, WI	52

People are leaving Deephaven for

Outbound		Net outflow
Metros		Jul '23 - Sep '23
1	Brainerd, MN	606
2	Duluth, MN	337
3	Cape Coral, FL	307
4	Des Moines, IA	307
5	Chicago, IL	287
6	Phoenix, AZ	242
7	Milwaukee, WI	193
8	Sarasota, FL	160
9	Atlanta, GA	143
10	Tampa, FL	125

Methodology

This data does not reflect actual moves. The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. This dataset excludes all rentals data.

Home offer insights for Deephaven

Explore recent offers and recently sold homes in Deephaven

Recent offers

View houses in Deephaven that sold recently

Recently sold homes

SOLD SEP 15, 2023
$682,500 Last Sold Price
4 beds
3 baths
—sq. ft.
3725 Virginia Ave, Deephaven, MN 55391
List Price
$695,000
Sale to List
2% under list
Days on Market
60 days
3725 Virginia Ave, Deephaven, MN 55391
SOLD AUG 31, 2023
$2,925,000 Last Sold Price
4 beds
4 baths
—sq. ft.
4265 Cottonwood Ln, Deephaven, MN 55331
List Price
$3,049,000
Sale to List
4% under list
Days on Market
142 days
4265 Cottonwood Ln, Deephaven, MN 55331
SOLD AUG 31, 2023
$969,500 Last Sold Price
4 beds
5 baths
—sq. ft.
4755 Bayswater Rd, Shorewood, MN 55331
List Price
$1,000,000
Sale to List
3% under list
Days on Market
120 days
4755 Bayswater Rd, Shorewood, MN 55331
SOLD AUG 31, 2023
$4,570,000 Last Sold Price
5 beds
5 baths
—sq. ft.
20595 Park Pl, Deephaven, MN 55331
List Price
$4,799,000
Sale to List
5% under list
Days on Market
83 days
20595 Park Pl, Deephaven, MN 55331
SOLD AUG 30, 2023
$4,198,500 Last Sold Price
5 beds
4 baths
—sq. ft.
19855 Cottagewood Ave, Deephaven, MN 55331
List Price
$4,250,000
Sale to List
1% under list
Days on Market
37 days
19855 Cottagewood Ave, Deephaven, MN 55331
SOLD AUG 25, 2023
$6,250,000 Last Sold Price
4 beds
5 baths
—sq. ft.
20730 Linwood Rd, Deephaven, MN 55331
List Price
$6,995,000
Sale to List
11% under list
Days on Market
84 days
20730 Linwood Rd, Deephaven, MN 55331
SOLD AUG 24, 2023
$635,000 Last Sold Price
5 beds
5 baths
—sq. ft.
3945 Hillcrest Way, Deephaven, MN 55391
List Price
$650,000
Sale to List
2% under list
Days on Market
13 days
3945 Hillcrest Way, Deephaven, MN 55391
SOLD AUG 24, 2023
$1,100,000
3 beds
1 bath
1,663 sq. ft.
20395 Park Pl, Excelsior, MN 55331
Days on Market
—
20395 Park Pl, Excelsior, MN 55331
See all recently sold homes in Deephaven.
See listings

Schools in Deephaven

Learn about schools in the Deephaven area

Elementary
Middle
High

GreatSchools Rating

9/10

Deephaven Elementary School

Public • K-5

661

Students

3 reviews

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Climate's impact on Deephaven housing

Learn about natural hazards and environmental risks, such as floods, fires, wind, and heat that could impact homes in Deephaven.

Risk Factor

Heat Factor - Minor

99% of properties are at minor risk of heat over the next 30 years

Provided by First Street Foundation

Transportation in Deephaven

Learn about the walkability, bikeability, and transit-friendliness of Deephaven

More Real Estate Resources for Deephaven

New Listings in Deephaven

Nearby City Housing Markets

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