Chelsea, AL 35043 Real Estate Market Report

ZIP Code: 35043
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Chelsea, AL real estate market as of April 2026 is characterized by a median sold price of $369,000, reflecting stable transaction activity despite a flat price trend year-over-year. This stability indicates a balanced market where sellers are adjusting expectations in line with buyer sentiment. The median days on market stands at 237, suggesting a slower sales velocity, which may indicate elevated inventory levels relative to sales activity.

With a median listing price of $392,500, there exists a notable gap between listing and selling prices, which could create pricing friction for sellers. The local economy remains supportive, with a strong rental demand evidenced by a median market rent of $2,240, which has increased year-over-year, indicating a healthy rental market that may attract investors. Overall, the market appears stable but may face challenges due to moderate interest rate pressure, currently at 6.38% for 30-year fixed mortgages, which is slightly higher than the previous year.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Chelsea, AL are averaging 6.38%, which is 0.3% higher than the 6.67% average from March 2025.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $369,000 reflects stable market conditions despite a flat price trend year-over-year.

2. With a median days on market of 237, the market is experiencing slower sales velocity, indicating potential pricing friction.

3. The median listing price of $392,500 suggests a gap between seller expectations and buyer willingness, which may affect transaction speed.

4. Rental demand remains strong with a median market rent of $2,240, which has shown an up trend year-over-year, signaling a robust rental market.

5. Current mortgage rates at 6.38% indicate moderate interest rate pressure, which may influence buyer affordability and market dynamics.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.