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CHELSEA, MI 48118

Real Estate Market Report
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

Data as of June 2026. Source: Realtor.com.

The CHELSEA, MI real estate market (48118) currently shows 35 active listings, with 19 pending sales. Homes are averaging 25 days on the market before going under contract.

Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 25 days on market compared to 24 days last year.

The median listing price has risen 6.6% year-over-year, from $449,925 to $479,500.

Whether you are buying or selling in CHELSEA, MI, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 13,001  ·  Density: 58.2/mi²  ·  Median household income: $89,125

Typical home value: $341,536  ·  Homeownership: 79.8%

Market Overview

Active Listings
35
⇩ 32.7% vs 52 last year
Pending
19
54% pending ratio
Median Price
$479,500
⇧ 6.6% vs $449,925 last year
Average Price
$514,523
⇩ 22.3% vs $662,409 last year
Days on Market
25
⇧ 4.2% vs 24 days last year

Price Per Square Foot

Median $/sqft
$234
⇧ 9.3% vs $214/sqft last year
Median Home Size
2,033 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 35 this year vs 52 last year
  • Days on market: 25 now vs 24 last year

Median & Average Pricing

Year over Year
  • Median: $479,500 (+6.6% YoY)
  • Average: $514,523 (-22.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 20.1 miles — 606 listings ($291,393,146 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
48118Chelsea, MI 481180.0 mi25$10,957,525$379,950$438,301
49240Grass Lake, MI 492407.6 mi21$7,651,707$372,673$364,367
48103Ann Arbor, MI 4810310.6 mi117$80,494,362$526,175$687,986
48169Pinckney, MI 4816911.4 mi41$27,966,592$575,000$682,112
49285Stockbridge, MI 4928513.9 mi16$4,617,408$297,475$288,588
48139Hamburg, MI 4813915.3 mi1$734,000$734,000$734,000
48176Saline, MI 4817616.0 mi109$64,881,923$576,775$595,247
49236Clinton, MI 4923616.8 mi7$1,410,745$217,380$201,535
48108Ann Arbor, MI 4810816.9 mi76$35,034,328$433,675$460,978
49230Brooklyn, MI 4923017.6 mi37$12,734,364$324,825$344,172
48116Brighton, MI 4811618.7 mi70$31,454,360$399,500$449,348
49202Jackson, MI 4920219.3 mi82$11,666,632$146,175$142,276
49287Tipton, MI 4928720.1 mi4$1,789,200$447,450$447,300

Frequently Asked Questions

How many homes are for sale in CHELSEA, MI 48118?

As of June 2026, there are 35 active listings in CHELSEA, MI (zip code 48118), compared to 52 the prior year.

What is the median home price in CHELSEA, MI 48118?

The median listing price in CHELSEA, MI 48118 is $479,500 as of June 2026, a 6.6% increase from $449,925 the prior year.

How long do homes stay on the market in CHELSEA, MI?

Homes in CHELSEA, MI 48118 spend an average of 25 days on the market before going under contract, compared to 24 days the prior year.

Is it a seller's or buyer's market in CHELSEA, MI 48118?

Based on current inventory and days-on-market data as of June 2026, CHELSEA, MI 48118 is currently a Balanced Market. Inventory has tightened compared to last year, with 17 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 25 days on market compared to 24 days last year.

How much can I save on real estate commission in CHELSEA, MI?

With SELL123.com's maximum 3% commission, sellers in CHELSEA, MI 48118 save an estimated $9,590 compared to a typical 5% commission on the median listing price of $479,500. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.