Housing in Chelsea, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$307,000
Median List Price
$425,975
Price Per Sq Ft
$193
Days on Market
93
Active Inventory
13
Months of Supply
1.9
Seller's market
Zillow Home Value
$395,874
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
14.3%
Off Market in 2 Weeks
33.3%
Sale-to-List Ratio
93.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
7
New Listings
7
Pending Sales
6
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$193
Median List $/SF
$205
Chelsea vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Chelsea is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$301,100
Median Rent
$1,543
Total Housing Units
2,734
Vacancy Rate
1.6%
Owner Occupied
62.6%
Renter Occupied
37.4%
Median Property Tax
$4,712
per year
Monthly Cost (w/ Mortgage)
$1,458
Housing Types
The current median sale price in Chelsea, MI is $307,000 according to Redfin data. Homes spend a median of 93 days on the market. 14.3% of homes sold above asking price. The market has 1.9 months of supply. The median price per square foot is $193. The median rent is $1,543 per month (Census ACS). About 62.6% of housing units are owner-occupied. The median year homes were built is 1970. There are 2,734 total housing units.