The story of this market
The typical home in Chesterfield, Michigan sells for about $337,337, or $193 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 21 days to sell, which is fast.
Monthly price momentum
Home values since 2015
+4.5%
MI · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Chesterfield, Michigan
The Chesterfield housing market is currently competitive with steady year-over-year price appreciation of 3.2%. The market remains balanced with approximately 4.2 months of inventory, providing a stable environment for buyers and sellers. Growth is supported by a consistent population increase and the area's appeal as a waterfront-adjacent suburb.
No ARED county foreclosure postings attributed to Chesterfield yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.5% year over year.
Homes spend a median of 41 days on market with 4.3 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.58% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 7.2% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A prominent local park providing green space and community gathering areas.
A major regional asset offering extensive boating, fishing, and recreational access.
Chesterfield is ideal for families and outdoor enthusiasts who prioritize access to water-based recreation and a suburban lifestyle over urban walkability.
Schools are generally characterized as above the Michigan average, with strong college preparatory programs and competitive athletics.
The area is car-dependent with a low walk score, relying on regional highway corridors for commuting to the broader Detroit metro area.
The area features significant access to Lake St. Clair and the St. Clair River, providing residents with immediate opportunities for boating, fishing, and water-based recreation.
The rental market is characterized by moderate demand, with a balanced inventory that supports stable occupancy for investors.
The local economy is driven by its status as a residential suburb of Detroit, with a mix of local services and proximity to regional employment hubs.
The township is experiencing steady population growth of approximately 1.79% annually, supported by its position as a suburban community north of Detroit.
The area is served by local school districts and township-level utility and service districts.
The area is situated near Lake St. Clair, making water-related activities a central part of the lifestyle, though specific flood or wind risk profiles are not detailed in current market reports.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Data retrieved from Census Reporter and ACS 2024 5-year tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment. Source: NCES EDGE public school locations 2023-24.