Call or Text (240) SELL-123

CHELSEA, MI 48118

Real Estate Market Report  ·  Washtenaw County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The CHELSEA, MI real estate market (48118) currently shows 34 active listings, with 18 pending sales. Homes are averaging 24 days on the market before going under contract.

Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 24 days on market compared to 30 days last year.

The median listing price has fallen 7.1% year-over-year, from $427,400 to $396,950.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for CHELSEA, MI 48118 and connect with motivated buyers & sellers.
Contact SELL123.com →

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
34
⇩ 5.6% vs 36 last year
Pending
18
53% pending ratio
Median Price
$396,950
⇩ 7.1% vs $427,400 last year
Average Price
$456,609
⇩ 14.3% vs $532,867 last year
Days on Market
24
⇩ 20% vs 30 days last year

Price Per Square Foot

Median $/sqft
$259
⇧ 22.7% vs $211/sqft last year
Median Home Size
1,757 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 34 this year vs 36 last year
  • Days on market: 24 now vs 30 last year

Median & Average Pricing

Year over Year
  • Median: $396,950 (-7.1% YoY)
  • Average: $456,609 (-14.3% 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 March 2026, there are 34 active listings in CHELSEA, MI (zip code 48118), compared to 36 the prior year.

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

The median listing price in CHELSEA, MI 48118 is $396,950 as of March 2026, a 7.1% decrease from $427,400 the prior year.

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

Homes in CHELSEA, MI 48118 spend an average of 24 days on the market before going under contract, compared to 30 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 March 2026, CHELSEA, MI 48118 is currently a Seller's Market. Inventory has tightened compared to last year, with 2 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 24 days on market compared to 30 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 $7,939 compared to a typical 5% commission on the median listing price of $396,950. 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.