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Featured local agent — Chelsea, MI
Sarah Mitchell
Compass Real Estate · Chelsea, MI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Chelsea, MI Housing Market & Real Estate
Housing market overview · Updated monthly ·
$355,900median sale price
How is the Chelsea, MI housing market right now?
The median home sale price in Chelsea, MI is $355,900, down 1.8% year-over-year. Homes sell in an average of 36 days with 13 active listings. The market is currently a strong seller's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Chelsea a buyer's or seller's market?
Chelsea, MI is currently a strong seller's market, based on 1.3 months of supply and homes selling in about 36 days. How we determine this →
Homes sold
10
Last 12 weeks
Days on market
36
Average pace
Active listings
13
1.3 months supply
Sale-to-list
101.4%
Above asking
What does the Chelsea housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $355,900 |
| Median list price | $424,000 |
| Year-over-year price change | -1.8% |
| Average days on market | 36 days |
| Active inventory | 13 listings |
| Months of supply | 1.3 months |
| Sale-to-list price ratio | 101.4% |
| Median price per sq ft | $204/sq ft |
| Homes sold (latest month) | 10 |
| New listings (latest month) | 12 |
| Market condition | Strong seller's market |
Source: Redfin · Updated monthly
How much do homes cost in Chelsea by property type?
How the Chelsea, MI market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $370,000 | $206/sq ft | 7 | 36 days |
| Condo / Co-op | $305,000 | $188/sq ft | 3 | 13 days |
Source: Redfin · Updated monthly
The Chelsea housing market is currently classified as a strong seller's market with a median sale price of $355,900. Prices have fallen 1.8% compared to last year, with homes spending an average of 36 days on market, indicating 1.3 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 5.9x provides context for how home values compare to local earning capacity.
Homes for sale in Chelsea
There are currently 13 homes listed for sale in Chelsea, Michigan. The median listing price is $424K.
Active listings
13
Homes on market
Median list price
$424K
Avg. days on market
36
Days until sale
New this week
12
Newly listed
Who lives in Chelsea?
Population
5,420
Median income
$71,702/yr
Median age
50.8 years
Owner-occupied
62.6%
College grads
50.8%
Avg commute
24.1 min
Source: U.S. Census Bureau ACS
What are homes worth in Chelsea?
Zillow home value
$424,160
Price-to-income
5.9x
Source: Zillow Research
What is it like to live in Chelsea?
Chelsea is a community of approximately 5K residents with a median age of 50.8 years.The median household income is $71,702, which represents a working-class community with solid middle-income opportunities. 50.8% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 62.6%, showing a blend of owner and renter-occupied properties. The average commute time is 24.1 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Chelsea offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Chelsea?
4 schools tracked · 2,256 students
The largest public schools serving Chelsea, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Chelsea High School
Grades 9-12 · 781 students
Beach Middle School
Grades 6-8 · 520 students
North Creek Elementary School
Grades PK-2 · 486 students
South Meadows Elementary School
Grades 3-5 · 469 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Chelsea, MI?
Want a head-to-head view? Compare Chelsea side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Chelsea?
The median home sale price in Chelsea is $355,900, down 1.8% from last year.
How long do homes stay on market in Chelsea?
Homes typically spend 36 days on market before going under contract.
What is the median income in Chelsea?
The median household income is $71,702 per year.
Is Chelsea a buyer's or seller's market?
With 1.3 months of supply, Chelsea is currently a strong seller's market.
What is the Zillow home value estimate for Chelsea?
The Zillow Home Value Index (ZHVI) for Chelsea is $424,160, representing the typical home value in the area.
What is the median condo price in Chelsea?
The median condo/co-op sale price in Chelsea, MI is $305,000, compared to $370,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Chelsea?
The median single-family home price in Chelsea, MI is $370,000 (about $206 per square foot).
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