48118 Home Values & Market Trends
There are 203 homes currently listed for 48118. 48118 real estate market trends show that home prices range from $79,999 to $3,990,000, and the median sales price in the 48118 zip code is $438,552. The total number of properties sold within the past twelve months is 180. In 48118, 0 properties are in foreclosure, 0 are bank owned properties,and 0 are headed for auction.
48118 Real Estate Market Overview
| City | Median Est. Value |
|---|---|
| Chelsea | $ 438,552 $ 246/sqft |
Housing Market Summary for 48118
| Sep 2025 | September 2026 | Change | |
|---|---|---|---|
| Median Listing Price | $410K | $429.9K | 4.85% |
| Median Sold Price | $427.4K | $398.7K | -6.72% |
| Homes For Sale | 138 | 199 | 44.20% |
| Homes Sold | 148 | 136 | -8.11% |
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 $438,552. A total of 203 properties are for sale, and the percentage of properties for sale in the zip code is 203.00%. The total count of 48118 properties is 328.
- 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.
- AuctionsN/A has 0 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% 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 $0 in N/A to the lowest value of $0 in N/A.
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Guide for 48118
Foreclosure is a term that can sometimes lead to confusion for those looking to make a real estate investment. In simple terms, it refers to the process where a lender takes possession of a property after the owner fails to keep up with their mortgage payments. When it comes to land, this means that buyers […]
Descubre todo lo que necesitas saber sobre cómo comprar una casa en ejecución hipotecaria.
Learn how to buy a foreclosed home in Chicago, Illinois.
Tips to find a home in pre-foreclosure and get a good deal on a new home.