48118 Home Values & Market Trends
There are 22 homes currently listed for 48118. 48118 real estate market trends show that home prices range from $218,000 to $1,500,000, and the median sales price in the 48118 zip code is $375,781.15. The total number of properties sold within the past twelve months is 231. In 48118, 1 properties are in foreclosure, 0 are bank owned properties,and 1 are headed for auction.
48118 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Chelsea | $ 411,061 $ 212/sqft |
Housing Market Summary for 48118
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $374.4K | $371.2K | -0.88% |
| Median Sold Price | $367K | $371.2K | 1.14% |
| Homes For Sale | 14 | 19 | 35.71% |
| Homes Sold | 178 | 161 | -9.55% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in 48118
Browse Homes in 48118
The median list price of a home in Chelsea, is $375,781.15. A total of 22 properties are for sale, and the percentage of properties for sale in the zip code is 22.00%. The total count of 48118 properties is 5,242.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in 48118 with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single city. There is 1 cities within 48118; of that cities, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in 48118 ranges from the highest value of $0 in N/A to the lowest value of $0 in N/A. Bank owned homes and properties account for 0% of properties in 48118. There is 1 cities within 48118; N/A containing 0 REO properties, has the highest number of bank owned properties in a single city.
- Auctionschelsea has 1 auction properties, the highest number of properties going to auction in a single city in the state of 48118. Auction homes and other auction properties account for 0.02% of all properties in 48118. There is 1 cities within 48118; of that cities, the median estimated home value for homes going to auction ranges from $694,842 in chelsea to the lowest value of $694,842 in chelsea.
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Guide for 48118
Explore the nuances of Michigan’s 2023 real estate market, where rising property values meet shifting sold prices and distressed properties offer investment opportunities amidst a stable yet competitive landscape.
Lansing’s real estate market has seen substantial growth in home values and sales prices from April 2023 to March 2024, positioning the city as an attractive investment prospect.
The 2023 Detroit real estate market trend showed steady average listing values and an increase in property sales, with neighboring cities displaying more fluctuation but higher property values. This reflects the city’s resilience amidst an unpredictable industry landscape.
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