Chelsea, MI Housing Market

$409,841

5.9% 1-yr

The average Chelsea, MI home value is $409,841, down 5.9% over the past year and goes to pending in around 8 days.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Chelsea Key Takeaways

Typical Home Values: $409,841

1-year Value Change: -5.9%

(Data through May 31, 2025)

Chelsea Housing Market Overview

--1-year Market Forecast

42For sale inventory(May 31, 2025)

21New listings(May 31, 2025)

--Median sale to list ratio

--Median sale price(April 30, 2025)

$416,950Median list price(May 31, 2025)

--Percent of sales over list price

--Percent of sales under list price

8Median days to pending(May 31, 2025)

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Chelsea

NameMedian ZHVI
Lakewood$429,374
Abbott School$432,337
South Maple$255,697
Garden Homes$474,451
Haisley$434,956
Winewood$451,908
Newport$758,507
Wildwood Park$614,230
Virginia Park$580,896

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Chelsea Rental Market Trends

$1,925Average rent in Chelsea(May 31, 2025)

$2,049National average rent(May 31, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.