Chelsea, Michigan Real Estate Statistics show 9.86 months supply If no other homes come on the market, it would take almost 10 months for those homes to sell.  Anything over 6 months represents a buyers market.  Click on picture for Chelsea, Michigan Tour.

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As of April, there were 143 active Chelsea homes for sale: ranging from 1 bedroom to 6, 1 bath to 4 and prices from $55,000 to $950,000. The average asking list price per square feet is now at $133.67 which is up a few dollars from last month and average asking price is up to $263,626. If you want Chelsea properties or Ann Arbor properties click either. There have been 174 homes sold in Chelsea in the last 12 months ranging in bedrooms from 1 to 6 and baths from 0 to 6. The largest home sold is 4,725 square feet down to the smallest at 600 square feet. The average list price of the homes that sold in the last 12 months is $183,324 and the average sold price is up to $176,085. This represents an average sold price per square feet of $94.67.  The sellers got an average of 96% of asking price these last 12 months. The Chelsea Real Estate Market average sold price per square foot is graphed below courtesy of Affinity Valuations Group, LLC. The average sale price per square foot has trended down over the last 12 months and remains under $100.00 per square foot. There is about 10 month supply of homes for sale in Chelsea, Michigan, so we are still in a buyers market and may be stabilizing unless we see a rash of foreclosure homes hit the market. The inventory under $200,000 is shrinking and we are seeing multiple offers. There is still an abundance of choice, low interest rates and great prices. Other charts below show the trends over the last 12 months. The first chart – Chelsea: Median Price (FS, Sold) shows home asking prices are down 10% and sold prices are up 29% comparing April 09' to April 10' with trend lines showing slightly decreasing sold prices over the last 12 months. Chart 2 Chelsea: Supply & Demand – # Units (FS, Sold) below shows units for sale from April 09' to April 10' have decreased - down 26% and sold units are up 57%.  At least the number of active homes for sale is trending down slightly indicating we are on the way to stabilizing, due to the home buyer credits that were in place.  To be one of the homes picked, keep in mind this is a price war and a beauty contest. Consult with your agent about making your home stand out.  Ask about staging your Chelsea home. There is still an abundance of choice, low interest rates and great prices.  Let us know if you are coming to our next home buyer round table/seminar this month: 734-845-6542. If you want to glimpse our Ann Arbor Area videos, click here. If you want a bank owned home, call us. Banks hire us to sell these homes and we know about these Ann Arbor Area foreclosures long before they are ready to come on the market.  We are certified distressed property experts. Want to know what your Ann Arbor Area home is worth?