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Chelsea, MI Real Estate & Property Data

Chelsea Real Estate Market Trends

Last Updated: September 06, 2025

Accurate and comprehensive real estate data is critical for insight into Chelsea, MI 48118. ATTOM’s Chelsea real estate data is updated daily, and current market trends show that in Chelsea, MI a total of 195 residential properties have sold over the past year. With a median home price of $397,500 in Chelsea and a total of 1 foreclosures. Get detailed property data for Chelsea, MI instantly. ATTOM is your one-stop-shop for the Chelsea property reports and real estate data you need in Chelsea, MI.

Chelsea Real Estate Market Trends

Get property data for any address in Chelsea, MI or the country:

Total Residential Properties 5,360

Total Commercial Properties 348

Avg. Home Age (Single Family Home) 46 Years

Avg. Square Feet (Single Family Home) 1,867

Total 2025 Residential Sales (year-to-date) 85

% of Homes Seriously Underwater (Q3 2025) 0.82%

Total 2024 Residential Sales 187

% of Equity Rich Homes (Q3 2025) 43.8%

Effective 2024 Property Tax 1.26%

Total Foreclosure Filings (year-to-date) 3

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Chelsea, MI 48118 Real Estate Overview

There were 195 residential properties sold in the past year in Chelsea, MI 48118. The median home value in Chelsea, MI 48118 is $403,028. There are a total of 5,360 residential properties in the 48118.

Median Sales Price i

$397,500

(Jun 2025)

+4.4%

year-over-year

y-o-y

June '25 Jun '25 $397,500
May '25 May '25 $613,500
April '25 Apr '25 $362,500
March '25 Mar '25 $380,000
February '25 Feb '25 $386,250
January '25 Jan '25 N/A
December '24 Dec '24 $499,950
November '24 Nov '24 $332,500
October '24 Oct '24 $415,000
September '24 Sep '24 $380,000
August '24 Aug '24 $369,000
July '24 Jul '24 $497,500

Median Down Payment i

$39,500

(Jun 2025)

-54.3%

year-over-year

y-o-y

June '25 Jun '25 $39,500
May '25 May '25 $157,000
April '25 Apr '25 $83,250
March '25 Mar '25 $20,000
February '25 Feb '25 $90,000
January '25 Jan '25 N/A
December '24 Dec '24 $82,950
November '24 Nov '24 $101,550
October '24 Oct '24 $59,750
September '24 Sep '24 $69,800
August '24 Aug '24 $39,000
July '24 Jul '24 $82,250

Number of Homes Sold i

25

(Jun 2025)

+108.3%

year-over-year

y-o-y

June '25 Jun '25 25
May '25 May '25 17
April '25 Apr '25 15
March '25 Mar '25 13
February '25 Feb '25 10
January '25 Jan '25 5
December '24 Dec '24 8
November '24 Nov '24 17
October '24 Oct '24 15
September '24 Sep '24 19
August '24 Aug '24 19
July '24 Jul '24 20

Number of Purchase Loans i

19

(Jun 2025)

+111.1%

year-over-year

y-o-y

June '25 Jun '25 19
May '25 May '25 14
April '25 Apr '25 12
March '25 Mar '25 7
February '25 Feb '25 9
January '25 Jan '25 6
December '24 Dec '24 8
November '24 Nov '24 13
October '24 Oct '24 10
September '24 Sep '24 16
August '24 Aug '24 16
July '24 Jul '24 14

Number of REFI Loans i

8

(Jun 2025)

+33.3%

year-over-year

y-o-y

June '25 Jun '25 8
May '25 May '25 9
April '25 Apr '25 17
March '25 Mar '25 8
February '25 Feb '25 10
January '25 Jan '25 8
December '24 Dec '24 11
November '24 Nov '24 7
October '24 Oct '24 5
September '24 Sep '24 8
August '24 Aug '24 9
July '24 Jul '24 7

Number of HELOC Loans i

6

(Jun 2025)

-25%

year-over-year

y-o-y

June '25 Jun '25 6
May '25 May '25 4
April '25 Apr '25 5
March '25 Mar '25 8
February '25 Feb '25 6
January '25 Jan '25 7
December '24 Dec '24 8
November '24 Nov '24 3
October '24 Oct '24 8
September '24 Sep '24 5
August '24 Aug '24 8
July '24 Jul '24 9

Chelsea, MI 48118 Real Estate Market Overview

Last 30 days

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Chelsea, MI 48118 Foreclosure Activity

There were a total of 1 Chelsea, MI 48118 properties with a foreclosure filing in June 2025.

Total Foreclosure Filings i

1

(Jun 2025)

June '25 Jun '25 1
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 1
February '25 Feb '25 N/A
January '25 Jan '25 1
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 1
September '24 Sep '24 2
August '24 Aug '24 N/A
July '24 Jul '24 2

Foreclosure Starts i

1

(Jun 2025)

June '25 Jun '25 1
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 1
February '25 Feb '25 N/A
January '25 Jan '25 1
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 1
September '24 Sep '24 2
August '24 Aug '24 N/A
July '24 Jul '24 2

Completed Foreclosures (REOs) i

June '25 Jun '25 N/A
May '25 May '25 N/A
April '25 Apr '25 N/A
March '25 Mar '25 N/A
February '25 Feb '25 N/A
January '25 Jan '25 N/A
December '24 Dec '24 N/A
November '24 Nov '24 N/A
October '24 Oct '24 N/A
September '24 Sep '24 N/A
August '24 Aug '24 N/A
July '24 Jul '24 N/A

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