Is Mason, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mason has remained a Seller's Market.
Housing Prices in Mason, MI
How much do homes in Mason, MI cost?
Median Sold Price
$259,900
$141/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mason was $259,900 in April 2024, up 15.5% from last year, and the median price per square foot was $141.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $275K | $87.5K | -68.2% |
2 Bedrooms | $169.9K | $140K | -17.6% |
3 Bedrooms | $225K | $252K | +12.0% |
4 Bedrooms | $257.5K | $283.5K | +10.1% |
5+ Bedrooms | $347.5K | $390.5K | +12.4% |
Summary: Mason housing prices by bedroom type for April 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 12%, 4 bedroom homes increased by 10.1%, and 5+ bedroom homes increased by 12.4%.
Housing Supply in Mason, MI
How many homes are available in Mason, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
45 | 51 | +13.3% |
Summary: The Mason real estate market had 51 homes for sale in April 2024, a 13.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 7 | +40.0% |
3 Bedrooms | 26 | 28 | +7.7% |
4 Bedrooms | 9 | 11 | +22.2% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The Mason housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 22.2%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 10 | -23.1% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Mason in April 2024, down by 23.1% month-over-month. Of the 10 sold homes, 10% were sold under asking, 40% were sold at asking, and 50% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 10 Days | -19.5% |
Summary: Homes in Mason had an average of 10 days on market in Apr 2024, down by 19.5% compared to last year.
Breakdown of Home Sale Times
9 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Mason; 90% of homes were sold within 30 days, 10% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.