Is Mason, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Mason has remained a Seller's Market.
Key Takeaway
Mason is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mason, MI
How much do homes in Mason, MI cost?
Median Sold Price
$260,000
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Mason have sold for 15.6% more than they did a year ago.
Summary: The median home sold price in Mason was $260,000 in May 2024, up 15.6% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $275K | $87.5K | -68.2% |
| 2 Bedrooms | $169.9K | $140K | -17.6% |
| 3 Bedrooms | $225K | $256.9K | +14.2% |
| 4 Bedrooms | $257.5K | $283.5K | +10.1% |
| 5+ Bedrooms | $332K | $375K | +13.0% |
Summary: Mason housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 68.2%, 2 bedroom homes decreased by 17.6%, 3 bedroom homes increased by 14.2%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 13%.
Median Sold Price Compared To Nearby Cities
| Vevay Township | $286K | $350K | +22.4% |
| Mason | $225K | $260K | +15.6% |
| Alaiedon Township | $260K | $275.5K | +6.0% |
Housing Supply in Mason, MI
How many homes are available in Mason, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 52 | 62 | +19.2% |
Summary: The Mason real estate market had 62 homes for sale in May 2024, a 19.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 11 | +57.1% |
| 3 Bedrooms | 28 | 38 | +35.7% |
| 4 Bedrooms | 12 | 10 | -16.7% |
| 5+ Bedrooms | 4 | 2 | -50.0% |
Summary: The Mason housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 57.1%, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes decreased by 50%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 13 | +30.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mason, you could pay more than the asking price. 46.2% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Mason in May 2024, up by 30.0% month-over-month. Of the 13 sold homes, 31% were sold under asking, 23% were sold at asking, and 46% were sold over asking.
Days on Market for Mason, MI
How long does it take to sell a home in Mason, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 70 Days | 26 Days | -61.9% |
Summary: Homes in Mason had an average of 26 days on market in May 2024, down by 61.9% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mason are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Mason; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS. Copyright MiRealSource.