Data as of February 2026. Source: Realtor.com.
The CHELSEA, MI real estate market (48118) currently shows 25 active listings, with 10 pending sales. Homes are averaging 35 days on the market before going under contract.
Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers.
Homes are selling faster, averaging 35 days on market compared to 50 days last year.
The median listing price has fallen 2.6% year-over-year, from $389,900 to $379,950.
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.
Population: 13,001 · Density: 58.2/mi² · Median household income: $89,125
Typical home value: $341,536 · Homeownership: 79.8%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 48118 | Chelsea, MI 48118 | 0.0 mi | 23 | $10,672,161 | $379,900 | $464,007 |
| 49240 | Grass Lake, MI 49240 | 7.6 mi | 26 | $11,975,340 | $317,680 | $460,590 |
| 48103 | Ann Arbor, MI 48103 | 10.6 mi | 109 | $73,608,245 | $525,000 | $675,305 |
| 48169 | Pinckney, MI 48169 | 11.4 mi | 37 | $21,127,481 | $525,000 | $571,013 |
| 49285 | Stockbridge, MI 49285 | 13.9 mi | 15 | $4,693,950 | $316,000 | $312,930 |
| 49254 | Michigan Center, MI 49254 | 15.6 mi | 7 | $1,626,191 | $206,950 | $232,313 |
| 48104 | Ann Arbor, MI 48104 | 16.7 mi | 77 | $61,461,246 | $399,000 | $798,198 |
| 49272 | Pleasant Lake, MI 49272 | 16.9 mi | 4 | $1,393,192 | $325,000 | $348,298 |
| 48105 | Ann Arbor, MI 48105 | 17.0 mi | 66 | $58,761,318 | $660,000 | $890,323 |
| 49201 | Jackson, MI 49201 | 18.1 mi | 113 | $45,230,284 | $350,400 | $400,268 |
| 48843 | Howell, MI 48843 | 18.7 mi | 105 | $53,837,385 | $430,000 | $512,737 |
| 49203 | Jackson, MI 49203 | 19.7 mi | 102 | $21,912,966 | $179,000 | $214,833 |
| 48819 | Dansville, MI 48819 | 20.6 mi | 6 | $2,227,200 | $312,500 | $371,200 |
As of February 2026, there are 25 active listings in CHELSEA, MI (zip code 48118), compared to 33 the prior year.
The median listing price in CHELSEA, MI 48118 is $379,950 as of February 2026, a 2.6% decrease from $389,900 the prior year.
Homes in CHELSEA, MI 48118 spend an average of 35 days on the market before going under contract, compared to 50 days the prior year.
Based on current inventory and days-on-market data as of February 2026, CHELSEA, MI 48118 is currently a Seller's Market. Inventory has tightened compared to last year, with 8 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 35 days on market compared to 50 days last year.
With SELL123.com's maximum 3% commission, sellers in CHELSEA, MI 48118 save an estimated $7,599 compared to a typical 5% commission on the median listing price of $379,950. 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.