Is Chelsea, MI 48118 a buyer’s or seller’s market?

The Chelsea housing market right now

In the three months ending August 31, 2026, 33% of homes in Chelsea, MI 48118 sold above their list price, the typical home went under contract in 33 days and there were 2.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 49 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 27%, homes sold faster (52 days then) and the median sale price rose 8% to $433,677. Overall, Chelsea is more competitive than a year ago, so tougher for buyers.

Within Washtenaw County, homes here sell faster than in 73% of the county’s ZIP codes, and sell less often over asking than in 73%. On our competition score, Chelsea ranks #196 of 510 MI ZIP codes with enough sales (score 71 out of 100).

Nearby, buyers who want less competition could look at Ann Arbor 48108 (24% sold over asking) or Ann Arbor 48105 (24% sold over asking), while Dexter 48130 (43% sold over asking) and Willis 48191 (43% sold over asking) are even more competitive.