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CHELSEA, MI 48118

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

Market Analysis

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

The CHELSEA, MI real estate market (48118) currently shows 52 active listings, with 21 pending sales. Homes are averaging 31 days on the market before going under contract.

Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice.

Homes are selling faster, averaging 31 days on market compared to 32 days last year.

The median listing price has risen 4.1% year-over-year, from $449,975 to $468,240.

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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
52
⇧ 33.3% vs 39 last year
Pending
21
40% pending ratio
Median Price
$468,240
⇧ 4.1% vs $449,975 last year
Average Price
$513,016
⇩ 20.1% vs $642,461 last year
Days on Market
31
⇩ 3.1% vs 32 days last year

Price Per Square Foot

Median $/sqft
$215
⇩ 1.4% vs $218/sqft last year
Median Home Size
2,245 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 52 this year vs 39 last year
  • Days on market: 31 now vs 32 last year

Median & Average Pricing

Year over Year
  • Median: $468,240 (+4.1% YoY)
  • Average: $513,016 (-20.1% 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 September 2026, there are 52 active listings in CHELSEA, MI (zip code 48118), compared to 39 the prior year.

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

The median listing price in CHELSEA, MI 48118 is $468,240 as of September 2026, a 4.1% increase from $449,975 the prior year.

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

Homes in CHELSEA, MI 48118 spend an average of 31 days on the market before going under contract, compared to 32 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 September 2026, CHELSEA, MI 48118 is currently a Balanced Market. Inventory has increased compared to last year, with 13 more homes available — giving buyers more choice. Homes are selling faster, averaging 31 days on market compared to 32 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 $9,365 compared to a typical 5% commission on the median listing price of $468,240. 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.