Chesterfield Township, Macomb County, Michigan
August 2026 Chesterfield Township Market Report
Chesterfield Township homes sold for a median of $380,000 in August, essentially flat from a year ago, in a median of 26 days. Buyers signed 42 contracts, up 40%, while inventory rose 7.7% to 98 homes, or 3.0 months of supply. Condos went the other way on price, with the median down to $207,500, but condo supply fell to just 1.8 months. Here’s what happened and what it means for you.
Residential median price
$380,000
−0.5% vs Aug 2025
Condo median price
$207,500
−10.8% vs Aug 2025
Residential months supply
3.0
+3.4% vs Aug 2025
Residential homes for sale
98
+7.7% vs Aug 2025
The month in brief
Contracts up, prices flat
New contracts drove August. Pending sales rose to 42 from 30 a year ago, up 40%, even as closed sales slipped to 31 from 35. Pending sales usually lead closings by 30 to 60 days, so September and October closings should run ahead of last year’s.
Prices held. The median was $380,000, down 0.5%, and the average rose 1.5% to $381,699. Sellers received 100.3% of list price and homes sold in a median of 26 days, the same as a year ago.
Year to date the median is $380,000, down 5.0% from $400,000 in 2025, but the year-to-date average is up 3.1%. When the median falls and the average rises, the mix of what sold has usually shifted; it isn’t a sign that values are dropping.
Supply is building slowly. New listings rose 15.4% to 60, inventory rose to 98 homes, and months of supply moved from 2.9 to 3.0. That’s still a seller’s market.
Read this first. Chesterfield Township closed 31 homes and 20 condos in August. With samples that small, a few sales at either end of the price range can move a median several percent. The year-to-date figures are the steadier read.
Township versus county
How Chesterfield Township compares with Macomb County
Chesterfield Township’s residential median is 27% above the countywide median, and homes sell faster than the county as a whole. August 2026 residential figures unless noted.
| Metric | Chesterfield Township | Macomb County |
|---|---|---|
| Median sale price, August | $380,000 | $300,000 |
| Median sale price, year to date | $380,000 | $295,000 |
| Pending sales vs August 2025 | +40.0% | +5.1% |
| Days on market | 26 | 29 |
| % of list price received | 100.3% | 99.3% |
| Months supply | 3.0 | 2.8 |
| Inventory vs August 2025 | +7.7% | +18.8% |
| Condo median, August | $207,500 | $225,000 |
See the full Macomb County market report for all six townships side by side.
The numbers, visually
Where Chesterfield Township moved
August 2025 compared with August 2026, residential and condo.
Median sales price
August
Days on market
Median days until sale, August
Months supply of inventory
August; shaded band = balanced market
Charts plotted from Realcomp figures for Chesterfield Twp. Under about four months of supply generally favors sellers; four to six months is considered balanced; above six generally favors buyers.
Segment detail
Residential: flat prices, rising contracts
At 3.0 months of supply, Chesterfield’s residential market still favors sellers. Homes are selling at 100.3% of list price, and year-to-date days on market fell from 39 to 30, so the typical home is selling faster than it did in 2025.
Closings are down 5.5% for the year, but August’s 40% jump in pending sales suggests that gap will narrow this fall.
| Key metric | Aug 2026 | vs Aug 2025 | YTD 2026 | vs YTD 2025 |
|---|---|---|---|---|
| New listings | 60 | +15.4% | 415 | +1.7% |
| Pending sales | 42 | +40.0% | 262 | −0.8% |
| Closed sales | 31 | −11.4% | 240 | −5.5% |
| Days on market until sale | 26 | 0.0% | 30 | −23.1% |
| Median sales price | $380,000 | −0.5% | $380,000 | −5.0% |
| Average sales price | $381,699 | +1.5% | $409,335 | +3.1% |
| % of list price received | 100.3% | −0.1 pts | 100.0% | +0.2 pts |
| Inventory of homes for sale | 98 | +7.7% | — | — |
| Months supply of inventory | 3.0 | +3.4% | — | — |
Median and average prices do not account for sale concessions or down-payment assistance. Inventory and months supply are point-in-time measures and are not reported year to date.
Segment detail
Condos: the tightest segment in town
Chesterfield’s condo market is tighter than its residential market. Inventory fell 18.2% to 27 units and months of supply dropped to 1.8. Closed sales rose 42.9% to 20, and year to date condo closings are up 26.9%.
The August condo median fell 10.8% to $207,500, but the year-to-date median of $217,000 is up 0.3%. The monthly drop reflects which units sold, not a broad price decline.
| Key metric | Aug 2026 | vs Aug 2025 | YTD 2026 | vs YTD 2025 |
|---|---|---|---|---|
| New listings | 16 | −20.0% | 165 | +10.7% |
| Pending sales | 12 | −25.0% | 136 | +28.3% |
| Closed sales | 20 | +42.9% | 132 | +26.9% |
| Days on market until sale | 26 | −7.1% | 46 | +35.3% |
| Median sales price | $207,500 | −10.8% | $217,000 | +0.3% |
| Average sales price | $224,777 | −3.1% | $234,997 | +1.2% |
| % of list price received | 99.0% | +0.1 pts | 98.9% | −0.7 pts |
| Inventory of homes for sale | 27 | −18.2% | — | — |
| Months supply of inventory | 1.8 | −30.8% | — | — |
Financing and affordability
What the money cost in August, and what changed since
30-year fixed, Aug 27
6.66%
Freddie Mac survey. Was 6.56% a year ago.
15-year fixed, Aug 27
5.98%
Up from 5.69% a year ago.
30-year fixed, Oct 1
7.28%
Rates crossed 7% in late September, the first time since January 2025.
Payment at Chesterfield Township median
$1,954
Principal and interest on $380,000 with 20% down at 6.66%.
In August, rates weren’t the story. The 30-year fixed stayed in the mid-6s all month, only about a tenth of a point above a year earlier, so August’s Chesterfield Township numbers reflect supply and demand, not a rate shock.
September changed that. The 30-year fixed reached 7.28% on October 1. On a $380,000 home with 20% down, that’s about $126 a month more in principal and interest than at the end of August. Contracts signed from mid-September on are carrying that higher cost, which is why the next two reports matter.
| Purchase price | Loan | At 6.66% (Aug 27) | At 6.56% (a year ago) | At 7.28% (Oct 1) |
|---|---|---|---|---|
| $207,500Chesterfield Township condo median | $166,000 | $1,067 | $1,056 | $1,136 |
| $300,000Macomb County residential median | $240,000 | $1,542 | $1,526 | $1,642 |
| $380,000Chesterfield Township residential median | $304,000 | $1,954 | $1,933 | $2,080 |
A Michigan budgeting tip. Don’t estimate your property taxes from the seller’s tax bill. Michigan caps how fast a home’s taxable value can rise while one owner holds it, then lets it reset after a sale. Ask your lender to estimate taxes on the purchase price instead.
Principal and interest only. Excludes property taxes, insurance, HOA dues and mortgage insurance. Illustrative only, not a rate quote or a commitment to lend. The 2026 conforming loan limit for Macomb County is $832,750.
The bigger picture
Chesterfield Township versus the nation
Nationally, existing-home sales fell to a seasonally adjusted annual rate of 3.98 million in August, down 1.2% from a year earlier, according to the National Association of REALTORS®. U.S. inventory reached a 4.9-month supply, the highest in more than ten years, and the national median rose 1.6% to $429,100. The Midwest median rose 3.3% to $340,400.
Chesterfield Township, at 3.0 months of residential supply, is tighter than the nation, and Macomb County as a whole sits at 2.8 months.
What it means
My honest take, depending on your side of the deal
If you are selling
- Buyers are writing contracts. Pending sales rose 40% in August, to 42 from 30.
- You can still get full price. Sellers received 100.3% of list price in a median of 26 days.
- Price to today’s comps, not 2025’s. The year-to-date median is $380,000, down from $400,000, so last year’s neighbor’s sale may not be your number.
- Condo sellers are in a strong spot. With 1.8 months of supply and inventory down 18%, there isn’t much competition.
- Buyers’ budgets just got tighter. Rates rose above 7% in late September, which trims what buyers can pay each month.
If you are buying
- You have a bit more to choose from. 98 homes were for sale at the end of August, up from 91, and new listings rose 15.4%.
- Prices aren’t running away. The median is flat for the month and down 5% for the year.
- Well-priced homes still go fast. At 100.3% of list and 26 days, have your pre-approval ready before you tour.
- Condo buyers need to move quickly. At 1.8 months of supply, good units don’t last.
- Re-run your numbers. If you were pre-approved in August, rates have moved since.
Worth watching: whether September’s jump in rates cools the 40% surge in pending sales. If October closings don’t follow contracts up, it will show up first as longer days on market.
Reading the numbers
Common questions about the Chesterfield Township market
Are Chesterfield Township home prices going down?
Not really. The August 2026 median was $380,000, down 0.5% from a year ago, and the year-to-date median of $380,000 is down 5.0% from $400,000. But the year-to-date average sale price is up 3.1% to $409,335, and sellers are receiving 100% of list price. That pattern usually means the mix of homes that sold changed, not that values fell.
Is Chesterfield Township a buyer’s market or a seller’s market?
It’s still a seller’s market. Residential months of supply was 3.0 in August 2026, compared with 2.9 a year earlier; a balanced market is generally four to six months. Sellers received 100.3% of list price, and homes sold in a median of 26 days.
How does Chesterfield Township compare with the rest of Macomb County?
In August 2026, the Chesterfield Township residential median was $380,000, compared with $300,000 countywide. Homes sold in a median of 26 days, against 29 for the county, with 3.0 months of supply, against 2.8. Pending sales changed +40.0% from a year earlier, against +5.1% countywide.
Why is the Chesterfield Township condo market so tight?
Condo inventory fell 18.2% to 27 units in August 2026, while year-to-date condo closings rose 26.9% and pending sales rose 28.3%. That left 1.8 months of supply, well below the four to six months considered balanced. Buyers are absorbing condos faster than new ones are listed.
How much have mortgage rates changed, and what does it do to my payment?
The 30-year fixed averaged 6.66% on August 27, 2026, close to the 6.56% of a year earlier, then climbed to 7.28% by October 1. On a $380,000 home with 20% down, principal and interest is about $1,954 a month at 6.66% and about $2,080 at 7.28%, a difference of roughly $126.
Will my property taxes be the same as the seller’s?
Usually not. Michigan limits how much a home’s taxable value can rise while one owner holds it, then lets it reset after a sale. A buyer’s taxes are often noticeably higher than the seller’s, especially on homes owned for many years. Budget from an estimate based on your purchase price, not the seller’s current bill.
Does the Chesterfield Township median tell me what my home is worth?
No. The median blends very different homes, sizes, ages and conditions, and a change in the mix of what sold can move it without any single home changing value. Use these figures for direction, then get a comparative market analysis of your specific home to know what it’s worth.
What does this mean for your address?
Township numbers set the context. Your street, your lot, your square footage and your finishes set the strategy. Let’s talk through where your home, or your search, actually sits in this market.
Sources and disclosures. Market data from the Realcomp II Ltd. Local Market Update reports for August 2026 for Chesterfield Twp and Macomb County, compiled by ShowingTime Plus, LLC, current as of September 8, 2026. Figures are shown separately for residential and condo properties as Realcomp reports them. Percent changes are calculated by Realcomp using rounded figures; changes in percent of list price received are shown in percentage points. Median and average sales prices do not account for sale concessions or down-payment assistance. National and Midwest figures are from the National Association of REALTORS® Existing-Home Sales report for August 2026, released September 10, 2026. Mortgage rate figures are from the Freddie Mac Primary Mortgage Market Survey for August 27, 2026 and October 1, 2026, and represent national averages; they are not a quote, an offer or a commitment to lend. The loan limit reflects the 2026 FHFA baseline conforming limit for a one-unit property. Payment illustrations cover principal and interest only. Property tax information is general and is not tax advice. Township statistics may differ materially from conditions in any individual neighborhood, price range or property type. This report is provided for general information and is not financial, tax, legal or investment advice, nor is it intended to solicit the listing of properties currently listed with another broker. Giovanna Special, Michigan License #6501324253, Real Broker, LLC, (586) 709-5910, giovanna@soldbygspecial.com. Equal Housing Opportunity.