Unshakable ZIP Data 48118 | Chelsea, MI Housing Market
Chelsea · Washtenaw County · Ann Arbor, MI metro · Michigan · Data updated June 19, 2026
The median sale price in ZIP 48118, Chelsea, Michigan is $402,880 at $213 per square foot. 42 single-family homes sold in the latest period, down 8.2 percent from a year earlier. Homes sit a median of 33 days on market with 1.8 months of supply. Sellers are getting 99.7 percent of list price and 39.0 percent of homes sold above asking.
Balanced market.
Value anchors
| Metric | Value | Year over year |
|---|---|---|
| Average single-family value | $435,523 | |
| Average price per sq ft | $230 | |
| Median sale price | $402,880 | |
| Median sale price per sq ft | $213 | |
| Median home size | 1,892 sq ft | |
| Median new listing price | $472,868 | +5.1% |
| National size rank | 8,158 |
Sales activity
| Metric | Value | Year over year |
|---|---|---|
| Homes sold | 42 | -8.2% |
| Median days on market | 33 days | |
| Months of supply | 1.8 months | |
| New listings | 49 | -29.4% |
| Active listings | 73 | -25.6% |
| Pending sales | 48 | -26.7% |
Pricing power
| Metric | Value | Year over year |
|---|---|---|
| Average sale-to-list ratio | 99.7% | -1.9 pts |
| Share sold above list | 39.0% | -11.0 pts |
Bedroom value anchors
Average values by bedroom count. Value anchors for orientation, not appraisals.
2-bedroom
$310,360
3-bedroom
$405,330
4-bedroom
$507,318
5-bedroom
$598,820
These figures describe the single-family market for Chelsea, Michigan ZIP 48118. They are market context, not a substitute for sold comps or a formal appraisal.