Chesterfield Housing Market Report – May 2025: Prices, Inventory, & Trends

Knybel Network - Real Estate
4 days ago
3 min read

🏠 Chesterfield MI Housing Market Update – May 2025 Trends & Insights

Modern Chesterfield home for sale with a "for sale" sign and lush green lawn.

The Chesterfield real estate market continues to show resilience and moderate growth as we head into summer. Key stats from May 2025:

Median Sold Price: $149,900 (+5.2% YoY)
Median List Price: $316,000 (+36% MoM)
Average Days on Market (DOM): 43 days
Total Active Listings: ~109
Buyer Demand: Moderate to high, especially in 3-bedroom homes under $300K

📈 Median Home Prices in Chesterfield MI – May 2025

The 5.2% YoY increase in sold price indicates stable buyer demand and healthy market conditions. Despite rising mortgage rates, Chesterfield remains affordable compared to nearby cities.

April 2025 Median Sold Price: $144,000
May 2025 Median Sold Price: $149,900
Price Growth YoY: +$7,400

📊 How Chesterfield Home Prices Compare to Last Month & Last Year

This upward trend reflects seasonal activity and confidence in local inventory performance. Homes priced under $250K are moving particularly fast.

🧱 What’s Driving Price Growth in Chesterfield’s Real Estate Market

Increase in buyer competition for entry-level homes
Renovated properties and new construction driving price per square foot
Limited supply of move-in-ready listings

📊 Inventory and Days on Market – What Chesterfield Sellers Should Know

Inventory is growing, offering more choices to buyers, while sellers need to prepare for a more competitive landscape.

🏘 Number of Active Listings in Chesterfield – May 2025

Active listings rose by 36% from April, signaling that more homeowners are testing the market.

⏱ Average Days on Market for Chesterfield Homes

Homes are staying on the market longer compared to earlier in 2025, averaging 43 days.

🧠 What Rising Inventory Means for Buyers and Sellers

Buyers: More options = better deals and leverage
Sellers: Proper pricing and presentation matter more than ever

🚪 What This Market Means for Chesterfield Buyers & Sellers

🧭 Is Chesterfield a Buyer’s or Seller’s Market in May 2025?

It’s a balanced market. Buyers have leverage with more inventory; sellers still benefit from stable demand.

💡 Top Opportunities for Buyers Right Now

Homes under $275K are experiencing price flexibility
Buyers with 20% down can capitalize on reduced competition

🏡 How Sellers Can Stand Out in a Competitive Market

Prioritize curb appeal and staging
Price at or slightly below comparable recent sales
Highlight renovations like updated kitchens or mechanicals

❓ Chesterfield MI Housing Market – Frequently Asked Questions (May 2025)

1. What’s the current median home price in Chesterfield, MI?

As of May 2025, the median sold price is $149,900.

2. Are home prices rising in Chesterfield?

Yes, prices are up 5.2% compared to May 2024.

3. How long do homes stay on the market in Chesterfield?

Average DOM is 43 days.

4. Is now a good time to buy a home in Chesterfield?

Yes—especially for buyers under $300K who want more choices and negotiating room.

5. Is Chesterfield a buyer’s or seller’s market right now?

It’s balanced. More listings are available, but demand remains steady.

6. What’s driving the increase in listings?

Sellers re-entering the market and new subdivisions like Cedar Glen redevelopment are boosting inventory.

7. What’s the average price per square foot in Chesterfield?

Roughly $137/sq ft, though it varies by property type.

8. Are property taxes increasing in Chesterfield Township?

Tax rates remain steady, but assessed values have risen slightly year-over-year.

📍 Final Takeaways on Chesterfield’s Real Estate Market – May 2025

Chesterfield's housing market is gaining strength with rising prices, more listings, and stable buyer demand. Buyers should take advantage of the increased inventory before interest rates or prices spike again. Sellers should list while demand stays high and before inventory crowds the market.

For personalized market reports or a custom buying/selling strategy, reach out to Brett and Alex today!